Potential Downside Risks for Loonie as BoC Meeting Looms - ING Analysis
Wednesday, 6 March 2024, 09:13
USD/CAD: Potential Downside Risks
The Bank of Canada (BoC) is scheduled to announce its monetary policy today, without releasing new economic projections.
ING Analysis:
- Expectation: BoC may introduce reference to monetary easing.
According to ING analysis, this move could lead to potential downside risks for the Loonie, affecting the USD/CAD currency pair.
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