聯準會指引走強美元，加幣跌至五年低點

投資者尋求保護以防止加幣進一步下跌，加幣兌美元匯率下跌0.9%至1.4440，即69.25美分。

The Canadian dollar slid to its lowest level in nearly five years against the U.S. dollar on Wednesday, as hawkish guidance from the Federal Reserve propped up the greenback, prompting investors to snap up protection against further declines in the loonie.

週三，加幣兌美元匯率跌至近五年來的最低水平，因聯準會的鷹派指引支撐了美元，促使投資者搶購保護措施以防止加幣進一步下跌。

The loonie was trading 0.9% lower at 1.4440 to the U.S. dollar, or 69.25 U.S. cents, marking its weakest intraday level since March 2020.

加幣兌美元匯率下跌0.9%，至1.4440，即69.25美分，創下2020年3月以來的最低盤中水準。

The U.S. dollar soared against a basket of major currencies after the Fed delivered a widely anticipated interest rate cut, while also signaling a slower pace for its monetary policy easing cycle.

在聯準會宣布降息後，美元兌一籃子主要貨幣飆升，同時也顯示其貨幣政策寬鬆週期步伐放緩。

“We knew it was going to be a hawkish cut today. … It’s uber-hawkish,” said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull.

「我們知道今天的降息將是強硬的。 ……這是超級鷹派，」Silver Gold Bull 外匯和貴金屬風險管理總監 Erik Bregar 表示。

“Nobody likes it. Stocks don’t like it, bonds don’t like it, precious metals don’t like it, the risk-sensitive Canadian dollar doesn’t like it. The only thing up is the U.S. dollar.”

「沒有人喜歡它。股票不喜歡，債券不喜歡，貴金屬不喜歡，風險敏感的加幣不喜歡。唯一上漲的是美元。

The Canadian dollar has also been battered by domestic political uncertainty, the ongoing threat of U.S. trade tariffs, and the Bank of Canada’s aggressive interest rate cuts, which have put pressure on the currency in recent months.

加元也受到國內政治不確定性、美國貿易關稅的持續威脅以及加拿大央行大幅降息的打擊，這些因素近幾個月給加元帶來壓力。

As a result, demand for protection against a further decline in the loonie has surged.

因此，針對加幣進一步貶值的保育需求激增。

“Demand for protection against a downside move in the loonie has soared,” said Karl Schamotta, chief market strategist at Corpay.

Corpay 首席市場策略師 Karl Schamotta 表示：“針對加元下行走勢的保護需求激增。”

Implied volatility on Canadian dollar options hit its highest level since April 2023, climbing to about 6.6.

加幣選擇權的隱含波動率創下2023年4月以來的最高水平，攀升至約6.6。

Meanwhile, Canadian bond yields were higher across the curve, tracking the moves in U.S. Treasuries. The 10-year yield rose 8.2 basis points to 3.224%.

同時，加拿大債券殖利率跟隨美國公債的走勢走高。 10年期公債殖利率上漲8.2個基點至3.224%。