{"id":141862,"date":"2025-11-18T21:49:12","date_gmt":"2025-11-18T21:49:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/141862\/"},"modified":"2025-11-18T21:49:12","modified_gmt":"2025-11-18T21:49:12","slug":"usd-cad-holds-above-key-1-4000-support-bbh","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/141862\/","title":{"rendered":"USD\/CAD holds above key 1.4000 support \u2013 BBH"},"content":{"rendered":"<p><a href=\"https:\/\/www.fxstreet.com\/currencies\/usdcad\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">USD\/CAD<\/a> remains above 1.4000 as Canada\u2019s core inflation prints persistently above the 2% target, supporting the Bank of Canada\u2019s guidance that policy easing may be over. Markets now price steady <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> at 2.25% over the next year, limiting further CAD weakness, BBH FX analysts report. <\/p>\n<p>Canada\u2019s core inflation remains above target<\/p>\n<p>&#8220;USD\/CAD is holding above 1.4000. Canada\u2019s sticky underlying inflation backdrop backs the Bank of Canada\u2019s (BOC) guidance that it might be done easing. In October, headline CPI eased to 2.2% y\/y (consensus: 2.1%, BOC Q4 forecast: 2.0%) vs. 2.4% in September, reflecting lower gasoline prices. Excluding food and energy, CPI rose to an eight-month high at 2.7% y\/y vs. 2.4% in September.&#8221; <\/p>\n<p>&#8220;Core CPI (average of trim and median CPI) printed at 2.95% y\/y (consensus: 3.00%, BOC Q4 forecast: 2.9%) vs. 3.10% in September, persistently above the 2% target. Markets imply a steady BOC policy rate at 2.25% over the next 12 months and rate hikes in the next two years. That limits CAD downside.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"USD\/CAD remains above 1.4000 as Canada\u2019s core inflation prints persistently above the 2% target, supporting the Bank of&hellip;\n","protected":false},"author":2,"featured_media":141863,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-141862","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/141862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=141862"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/141862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/141863"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=141862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=141862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=141862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}