加幣因經濟困境和降息押注而下滑

週五加幣兌美元貶值，週跌幅擴大0.5%。 1 月零售額下降 0.3%，顯示經濟可能放緩。由於通膨放緩以及其他央行的鴿派立場，加拿大央行正在考慮 6 月降息。瑞士意外降息後，美元兌其他主要貨幣走強，加拿大債券殖利率跟隨美國公債的走勢下降。

Canadian Dollar Declines Amidst Economic Slowdown and Rate Cut Anticipation

經濟放緩和降息預期加元下跌

Toronto, Canada - The Canadian dollar experienced a decline against the strengthening U.S. counterpart on Friday, culminating in a weekly loss of 0.5%. This depreciation aligns with recent evidence of an economic slowdown in Canada, further fueling expectations of interest rate cuts.

加拿大多倫多 - 加幣兌美元匯率週五下跌，最終每週下跌 0.5%。這種貶值與最近加拿大經濟放緩的證據一致，進一步加劇了降息的預期。

The Canadian currency, commonly known as the "loonie," dropped by 0.6% to trade at 1.3605 against the U.S. dollar, hovering near its three-month low of 1.3613 reached earlier in the week.

加幣（俗稱「加幣」）兌美元匯率下跌0.6%，至1.3605，徘徊在本週稍早觸及的三個月低點1.3613附近。

According to Statistics Canada, retail sales in Canada decreased by 0.3% in January compared to December, despite a 0.2% increase in sales volume. A preliminary estimate suggests a modest 0.1% uptick in February.

根據加拿大統計局的數據，加拿大 1 月零售額較 12 月下降 0.3%，儘管銷量成長 0.2%。初步估計顯示 2 月略有上升 0.1%。

"While today's retail sales report marginally exceeded expectations, it corroborates the ongoing weakening of domestic consumer demand, which has been hampering the Canadian economy's growth trajectory," stated Karl Schamotta, Chief Market Strategist at Corpay.

Corpay 首席市場策略師 Karl Schamotta 表示：“雖然今天的零售銷售報告略超預期，但它證實了國內消費者需求的持續疲軟，這一直阻礙著加拿大經濟的成長軌跡。”

"The Bank of Canada (BoC) remains vigilant to the potential risks posed by a recurrence of last year's housing market surge, but it appears increasingly likely that rate cuts will be implemented at their June meeting," Schamotta added.

沙莫塔補充道：“加拿大央行（BoC）仍然對去年房地產市場再次飆升所帶來的潛在風險保持警惕，但在六月會議上實施降息的可能性似乎越來越大。”

Money market participants have heightened their expectations for a BoC rate cut in June, with approximately 70% likelihood, following data released on Tuesday that indicated a cooling inflation rate to an annualized 2.8%.

週二公佈的數據顯示通膨率年化率降溫至 2.8%，貨幣市場參與者提高了對加拿大央行 6 月降息的預期，可能性約為 70%。

Meanwhile, the U.S. dollar continued its upward trend against a basket of major currencies for the second consecutive week. This appreciation stems from a contrast in monetary policy between the Federal Reserve and other major central banks, exemplified by a surprise rate cut by the Swiss National Bank.

同時，美元兌一籃子主要貨幣連續第二週持續上漲。這種升值源自於聯準會與其他主要央行之間貨幣政策的對比，瑞士央行意外降息就是例證。

"Global central banks have adopted a predominantly dovish stance this week, while the Federal Reserve's economic projections suggest a more hawkish outlook for medium- to long-term interest rates," Schamotta noted.

沙莫塔指出：“全球央行本週採取了以鴿派為主的立場，而美聯儲的經濟預測表明中長期利率前景更加鷹派。”

In response to the U.S. dollar's strength, Canadian bond yields declined across the yield curve, mirroring the movement in U.S. Treasuries. The benchmark 10-year Canadian government bond yield decreased by 7 basis points to 3.447%.

為因應美元走強，加拿大公債殖利率在殖利率曲線上下跌，反映了美國公債的走勢。加拿大基準10年期公債殖利率下降7個基點至3.447%。