According to a report by Jinshi Data, Monex Europe analysts pointed out that the Federal Reserve's policy decisions and Canadian employment data may lead to a decline in the Canadian dollar. The Federal Reserve may suppress market expectations for interest rate cuts as inflation remains high and the job market is solid.
Weak Canadian employment data may accelerate the sell-off of the Canadian dollar, contrasting with U.S. employment data. Canadian economic data may show tariff-related weakness, reinforcing expectations for a rate cut by the Bank of Canada in June.