The net center centers of the Canadian dollar (CAD) decreased for the second week in a row, driven by the decrease in the short positions. The net sales centers on the Australian dollar (AUD) decreased for the first time in four weeks, driven by an increase in the purchase centers, as noted by the foreign currency analysts in Rabobank, Jin Foley and Molly Schwartz.
The market expects a reduction by 25 basis points at the Canada Bank meeting
“The inflation recorded in the Canadian consumer price index is in line with the expectations at the -0.4% on a monthly basis, until it reaches 1.8% on an annual basis. Canada Bank is now anxious also about the inflation of the registered consumer price index higher or less than the target of 2.0%, and the market is based Pricing a 25 -point reduction in Canada Bank’s decision on the interest rate on January 29. ”
“The Australian Reserve Bank was one of the most strict banks in the current interest rate course, and the market is now expected to reduce 77% from 25 basis points in the upcoming Australian Reserve meeting on February 18. The inflation data for the consumer price index for the fourth quarter on January 29 .
