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International Netherlands: The Bank of Canada maintaining the Intrerest Rate may lead to a decline in the Canadian dollar.
Jin10 data July 30 news, analysts at ING, Francesco Pesole, stated in a report that if the Central Bank of Canada keeps interest rates unchanged, the Canadian dollar may fall, but this suggests the prospect of future rate cuts. Data shows that the market expects only a 15 basis point rate cut by the end of the year. Considering this conservative pricing and the economic risks brought by US-Canada trade negotiations, the Central Bank of Canada may prompt the market to bet on further rate cuts. This will put pressure on the Canadian dollar. It is still expected that the USD/CAD will reach 1.39 this quarter.