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Business / Finance

Credit Agricole and MUFG: the rate increase will not help ...

ProFinance.Ru news and comments on the situation on the Forex market 07.07.2018 at 16:06

Financial-analytical portal ProFinance.Ru

Canadian dollar slightly strengthened its position since the end of June, but Credit Agricole and MUFG believe that the movement came to an end, at least in the short term.

Currency strategists at Credit Agricole and MUFG are reminded that Wednesday will be the Bank of Canada meeting, which is expected to raise rates from 1.25% to 1.50%. A Bloomberg poll showed that out of 23 economists predicted no change, only four, and the strategy of banks believe that tighter policy is fully reflected in the course of Kan

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