Created
: 2025.11.17












2025.11.17 20:46
USD/CAD remains anchored above 1.4000 as markets await Canada's October CPI, expected to cool to 2.1% year-on-year. A softer inflation print would align with the Bank of Canada's outlook and support current rate expectations, limiting further downside for the Canadian Dollar (USD), BBH FX analysts report.
"USD/CAD is holding above key support at 1.4000. Canada's October CPI print is up next (1:30pm London, 8:30am New York). Headline CPI is seen easing to 2.1% y/y (BOC Q4 forecast: 2.0%) vs. 2.4% in September reflecting lower energy prices. Core CPI (average of trim and median CPI) is expected at 3% y/y (BOC Q4 forecast: 2.9%) vs. 3.15% in September."
"If so, Canada's inflation backdrop data would support market pricing for steady rates at 2.25% over the next 12 months and rate hikes in the next two years. That limits CAD downside."
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Created
: 2025.11.17
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Last updated
: 2025.11.17
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