The Bank of Canada's 25-bp June rate cut and statement bolster the view that dollar bears tired of waiting for the Fed could retain the loonie-bear view until a more-dovish US move unfolds, according to the latest FX Moment podcast. Host Audrey Childe-Freeman, Bloomberg Intelligence's chief G-10 FX strategist, talks to Stuart Paul, US and Canada economist at Bloomberg Economics, about the BoC and Fed near-term dynamics and currency implications. Canada's more-advanced economic cycle vs. the US justifies the early policy action from the BoC and validates the yield-driven loonie bearish case against the US dollar, euro and sterling. Given the Canadian-US dollar proxy qualities, these views will most likely hold when euro-dollar and/or sterling-dollar bulls return.