Bank Of Canada Sits Tight, But Expect More Tapering

This suggests that most of the negatives are in the price and a dissipation in political risk combined with the Bank of Canada stepping in with more tapering in October may see some idiosyncratic strength emerge. We expect USD/CAD to consistently trade below 1.25 in Q4.

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Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

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