Canadian Dollar Hits Fresh 4-Year Low Amid Political Mayhem, Ahead of Fed -- Market Talk

Dow Jones

Dec 18, 2024

0946 GMT - The Canadian dollar falls to its lowest level against the U.S. dollar in more than four years amid political turmoil in Canada after the finance minister quit. Canada's inflation data on Tuesday came in slightly lower than expected but the Canadian dollar's fall looks driven by political risks being priced into the currency, Monex Europe analysts say in a note. This leaves the Canadian dollar "more vulnerable than usual" ahead of the Federal Reserve's interest rate decision at 1900 GMT with USD/CAD at risk of rising further, they say. Monex expects the Fed to signal it will cut rates by less than previously anticipated. USD/CAD rises to 1.4333, its highest level since March 2020, according to FactSet. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

December 18, 2024 04:46 ET (09:46 GMT)

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Canada's inflation data on Tuesday came in slightly lower than expected but the Canadian dollar's fall looks driven by political risks being priced into the currency, Monex Europe analysts say in a note. This leaves the Canadian dollar \"more vulnerable than usual\" ahead of the Federal Reserve's interest rate decision at 1900 GMT with USD/CAD at risk of rising further, they say. Monex expects the Fed to signal it will cut rates by less than previously anticipated. USD/CAD rises to 1.4333, its highest level since March 2020, according to FactSet. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 04:46 ET (09:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canadian Dollar Hits Fresh 4-Year Low Amid Political Mayhem, Ahead of Fed -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanadian Dollar Hits Fresh 4-Year Low Amid Political Mayhem, Ahead of Fed -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-18 17:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0946 GMT - The Canadian dollar falls to its lowest level against the U.S. dollar in more than four years amid political turmoil in Canada after the finance minister quit. Canada's inflation data on Tuesday came in slightly lower than expected but the Canadian dollar's fall looks driven by political risks being priced into the currency, Monex Europe analysts say in a note. This leaves the Canadian dollar \"more vulnerable than usual\" ahead of the Federal Reserve's interest rate decision at 1900 GMT with USD/CAD at risk of rising further, they say. Monex expects the Fed to signal it will cut rates by less than previously anticipated. USD/CAD rises to 1.4333, its highest level since March 2020, according to FactSet. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 04:46 ET (09:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492704549","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492704549","pubTimestamp":1734515160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0946 GMT - The Canadian dollar falls to its lowest level against the U.S. dollar in more than four years amid political turmoil in Canada after the finance minister quit. Canada's inflation data on Tuesday came in slightly lower than expected but the Canadian dollar's fall looks driven by political risks being priced into the currency, Monex Europe analysts say in a note. This leaves the Canadian dollar \"more vulnerable than usual\" ahead of the Federal Reserve's interest rate decision at 1900 GMT with USD/CAD at risk of rising further, they say. Monex expects the Fed to signal it will cut rates by less than previously anticipated. USD/CAD rises to 1.4333, its highest level since March 2020, according to FactSet. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6505":"周期性消费品与消费者服务","N0Z.SI":"联志国际","BK6096":"消闲用品"},"translate_title":"在美联储之前，加元在政治混乱中触及四年新低——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US7Y.BOND":1,"US10Y.BOND":1,"US5Y.BOND":1,"US2Y.BOND":1,"N0Z.SI":0.72,"US30Y.BOND":1,"US12M.BOND":1,"US6M.BOND":1,"US3Y.BOND":1},"content_text":"0946 GMT - The Canadian dollar falls to its lowest level against the U.S. dollar in more than four years amid political turmoil in Canada after the finance minister quit. Canada's inflation data on Tuesday came in slightly lower than expected but the Canadian dollar's fall looks driven by political risks being priced into the currency, Monex Europe analysts say in a note. This leaves the Canadian dollar \"more vulnerable than usual\" ahead of the Federal Reserve's interest rate decision at 1900 GMT with USD/CAD at risk of rising further, they say. Monex expects the Fed to signal it will cut rates by less than previously anticipated. USD/CAD rises to 1.4333, its highest level since March 2020, according to FactSet. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2024 04:46 ET (09:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}