1613 GMT - The Canadian dollar could weaken against the U.S. dollar in the short term on the Federal Reserve's more cautious stance on interest-rate cuts compared to the Bank of Canada, Commerzbank analyst Michael Pfister says in a note. "Our economists no longer expect the Fed to cut interest rates twice in the first half of the year, but rather to postpone these cuts until the turn of the year." However, the BOC is likely to finish its policy easing cycle soon with a final rate cut in April. This will help the Canadian dollar recover on a sustained basis from early summer. Commerzbank expects USD/CAD to rise to 1.44 by March, from 1.4227 currently, before falling towards 1.38 by December. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 11:13 ET (16:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。