Institution: The Canadian dollar may rise due to a significant rate cut by the Fed.

Jin10 data reported on September 22, Monex Europe stated in a report that given the Fed may lower interest rates more significantly, the US dollar against the Canadian dollar may trend lower in the medium term. “Our medium-term view remains that if the labor market continues to weaken, the Central Bank of Canada will likely cut rates again later this year, but due to the Fed potentially easing monetary policy more quickly and significantly, the US dollar against the Canadian dollar may fall.” Given the light schedule from Canada this week, the exchange rate may follow broader risk sentiment and US data trends.