Home›Forex›Central Banks›Canadian dollar weakens after flat July GDP print

Canadian dollar weakens after flat July GDP print

TD Securities said the selloff is focused on the front to mid yield curve, while Bank of Canada pricing remains unchanged.

Reported · Written up by our desk · Central Banks

TD Securities Macro Research Insight, via FXStreet, said markets began to sell off again after Canada reported flat July GDP, a print it described as underwhelming despite the reaction. The currency move was concentrated in the front to mid-curve segment, the note added, with Bank of Canada pricing unchanged.

The same commentary pointed to US yields being near key technical levels as part of the broader backdrop for the reaction.

More like this

Sources