BoC to take risks. Forecast as of 05.06.2024

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The decision to cut the overnight rate in June is win or bust. The macroeconomic statistics urge to loosen monetary policy, but how to avoid a blunder? Let’s talk about this topic and make a trading plan for USDCAD.

Canadian dollar fundamental forecast for today

Will the Bank of Canada begin its overnight rate cut cycle on June 5 or wait until July 24? A cooling labor market and economy, coupled with inflation moving steadily toward the target, suggest the first scenario. However, the Bank of Canada’s credibility is at stake. If prices anchor or begin to accelerate, loosening monetary policy… Read full author’s opinion and review in blog of #LiteFinance

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