0812 GMT - The Canadian dollar could fall further as the Bank of Canada is likely to refrain from any signals about nearing the end of its interest rate cutting cycle in a decision later, ING's Francesco Pesole says in a note. The BOC is widely expected to cut rates by 25 basis points, and hence the focus is on guidance about future decisions, he says. Given the risk of the Trump administration imposing tariffs on Canada, the BOC will likely "err on the dovish side" by favoring further rate cuts. "This means there are mostly downside risks for CAD today." ING sees the risk of USD/CAD rising above 1.45. It last trades up 0.1% at 1.4410. The BOC's decision is at 1445 GMT. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 03:12 ET (08:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。