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28 Jan 2015
Further weakness lies ahead for CAD – TDS
FXStreet (Edinburgh) - Strategists at TD Securities expect the Canadian dollar to extend the current bearishness in the short term.
Key Quotes
“We look for another cut from the BoC in March, which will support moderately lower yields for 2s and 5s (more easing is mostly priced in)”.
“The expected sell-off in Treasuries will pull 10 and 30-year yields higher, with the curve steepening”.
“Canada should outperform versus the US in the belly and front-end”.
“The CAD will have to act as the economic shock absorber for the sharp decline in energy prices; we do not think oil weakness is fully priced in yet”.
Key Quotes
“We look for another cut from the BoC in March, which will support moderately lower yields for 2s and 5s (more easing is mostly priced in)”.
“The expected sell-off in Treasuries will pull 10 and 30-year yields higher, with the curve steepening”.
“Canada should outperform versus the US in the belly and front-end”.
“The CAD will have to act as the economic shock absorber for the sharp decline in energy prices; we do not think oil weakness is fully priced in yet”.