加拿大元:随着加拿大央行临近,资金流向逆转 – BNY
BNY的Bob Savage指出,在6月加拿大央行(BoC)决议前,加元(CAD)资金流出现了急剧逆转,而4月份加元普遍受到买盘支撑。

BNY的Bob Savage指出,加拿大元(CAD)资金流在6月加拿大央行(BoC)决议前出现了急剧逆转,而4月时CAD资金流普遍被看好。他将CAD走弱归因于实际和名义利率走软、市场预期加拿大央行将成为G10中最鸽派的央行之一,以及美联储定价变化正在改变美洲地区的对冲偏好。

随着政策预期变化,资金流转变

“与4月资金流普遍被看好相比,CAD在进入6月决议前已完全逆转了资金流状况。”

“鉴于加拿大央行预计将成为G10中最鸽派的央行之一,缺乏兴趣是可以理解的。”

“我们甚至可能需要等到下周美联储决议后,资金流的更清晰图景才会显现。”

“令人惊讶的是,跨境投资者比以CAD计价的账户更愿意持有CAD敞口。”

“以基础资产流动衡量,也很难将这些资金流归因于资产清算,因此可能存在基本面因素重新发挥作用,尤其是在持仓水平保持有利且估值良好的情况下。”

(本文在人工智能工具的协助下撰写,并由编辑审核。)

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