This post was originally published on this site. ING says Canadian dollar has further to fall on tariff chaos Recap: BOJ’s Himino calls for ‘timely’ rate hikes to curb inflation China industrial profit growth slumps to 7-month low of 11.2% BOJ’s Himino signals more hikes, flags growing upside inflation risk Australian household spending surges, builds case for RBA hike Oil – the report of an oil tanker attack in Hormuz says it occurred August 25 Bank of Korea (BOK) delivers second straight rate hike, lifts benchmark to 3.00% BOJ hawk Himino speaks soon ahead of key September meeting PBOC sets...

This post was originally published on this site.ING’s call sets up a bearish CAD view even after a period of relative currency resilience, arguing that markets are still applying a 2025 style playbook that assumes escalation gives way to negotiation and fades the initial FX reaction. That framework has kept CAD’s underperformance against G10 peers contained to around half a percentage point once the broader dollar move is stripped out, and has kept hedging costs muted relative to when the trade dispute first flared in December 2024. ING’s view diverges from that complacency, pointing to dovish Bank of Canada repricing...