External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>The CAD has weakened to its lowest since 2020 in the wake of the US presidential election.</li><li>Broad strength in the USD followed the result as markets anticipated pro-growth and potentially inflationary policy moves by the incoming Trump administration.</li><li>The US swaps curve was in the process of revising Fed rate cut expectations even before the election amid resilient US growth and signs that the FOMC was less likely to follow up September’s rate 1/2-point rate cut with another bold move. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The CAD has weakened to its lowest since 2020 in the wake of the US presidential election.Broad strength in the USD followed the result as markets anticipated pro-growth and potentially inflationary policy moves by the incoming Trump administration.The US swaps curve was in the process of revising Fed rate cut expectations even before the election amid resilient US growth and signs that the FOMC was less likely to follow up September’s rate 1/2-point rate cut with another bold move. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Liable to Drop Further in Coming Weeks