加元:利率预期限制兑美元涨幅 – BBH
布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德(Elias Haddad)预计加拿大央行将维持政策利率在2.25%,并保持双向选择权,因为受控的通胀允许延长暂停期

布朗兄弟哈里曼(Brown Brothers Harriman)的埃利亚斯·哈达德(Elias Haddad)预计加拿大央行将维持政策利率在2.25%,并保持双向选择性,因为受控的通胀允许延长暂停期。尽管掉期合约定价显示超过50个基点的加息预期,但该行认为这些押注有调整空间,并指出如果阻力位被突破,美元/加元将有上行动力。

加拿大央行暂停与市场定价形成对比

“加拿大央行(BoC)预计将连续第五次会议(周三)维持政策利率在2.25%不变。”

“加拿大央行还准备坚持其4月份引入的双向政策选择性,即美国对加拿大的新贸易限制可能支持降息,但持续高企的能源价格可能需要‘连续加息’。”

“掉期曲线完全反映了未来12个月内超过50个基点的加息预期。”

“加拿大央行加息押注有调整下行的空间。美元/加元的即时阻力位于1.3967(3月31日高点)。如果该水平被突破,下一个目标是2025年11月的高点,约1.4140。”

“我们认为,加拿大受控的通胀环境为加拿大央行提供了维持利率不变的空间,以评估5月就业反弹和4月实际GDP是否持续。”

(本文由人工智能工具协助生成,编辑审核。)

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