Monex Europe analysts said in a report that the Canadian dollar is at risk of falling after the Federal Reserve's policy decision on Wednesday and the release of Canada's employment data on Friday. The Federal Reserve may suppress the market's bets on cutting interest rates, as inflation remains high and the job market remains stable. Weak Canadian employment data is also likely to further accelerate the sell-off of the Canadian dollar, they said. In contrast to last week's US employment data, Canadian economic data may show some tariff-related weakness, which may reinforce expectations that the Bank of Canada will cut interest rates in June.

Monex Europe analysts said in a report that the Canadian dollar is at risk of falling after the Federal Reserve's policy decision on Wednesday and the release of Canada's employment data on Friday. The Federal Reserve may suppress the market's bets on cutting interest rates, as inflation remains high and the job market remains stable. Weak Canadian employment data is also likely to further accelerate the sell-off of the Canadian dollar, they said. In contrast to last week's US employment data, Canadian economic data may show some tariff-related weakness, which may reinforce expectations that the Bank of Canada will cut interest rates in June.