Loonie Could Attract Some Gains Today as the USD/CAD Currency Pair Progresses Above 1.3750.


Economists at ING believe that the loonie could attract some gains today as the USD/CAD currency pair progresses above 1.3750 ahead of the Canadian inflation data.

Canada’s limited exposure to the two significant poles (Russia and China) of geopolitical and economic risk keeps the Canadian dollar in a good position to benefit from any recovery in risk sentiment. However, the climaxing uncertainty concerning global demand dynamics may further delay any strong rebound in the loonie.

The September CPI numbers will be published today, and the consensus is centered around a reduction in headline inflation from 7.0% to 6.7%. However, according to the ING economists, considering the current market pricing at 60 bps ahead of next week’s meeting, any substantial change can direct rate expectations toward 50 bps or 75 bps and produce CAD volatility in both directions.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.