CAD:对能源风险的有力对冲——BBH
布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德预计加拿大3月份劳动力调查将显示就业小幅反弹,而加拿大央行(BoC)可以利用其温和的通胀背景来忽视油价冲击。

布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德预计加拿大3月劳动力调查将显示就业小幅反弹,而加拿大央行(BoC)可以利用其温和的通胀背景来忽视油价冲击。他指出,加息预期已被削减,并继续看好加元(CAD)交叉盘的多头头寸,作为对更持久能源价格冲击的对冲。

就业数据和油价动态支持加元

“3月劳动力调查将于周五公布。预计经济将增加1.49万就业岗位,此前2月减少了8.39万。令人鼓舞的是,加拿大有利的通胀背景为加拿大央行(BoC)提供了小幅缓冲,使其能够忽视油价冲击,并在劳动力市场恶化的情况下避免加息。”

“掉期曲线已将未来12个月内加拿大央行加息预期从3月26日的最高75个基点削减至目前约50个基点。”

“我们仍然看好加元交叉盘的多头头寸,作为对更持久能源价格冲击的良好对冲。加拿大获得了贸易条件的提升,并拥有财政空间来吸收对国内需求增长的部分拖累。”

(本文由人工智能工具协助生成,编辑审核。)

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