BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer
USD/CAD ANLAYSIS Expected 25bps increment leaves CAD floundering. 2023 peak rates priced in by money markets. Descending triangle still in play. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/CAD FUNDAMENTAL BACKDROP Foundational Trading Knowledge Forex Fundamental Analysis Recommended by Warren […]
USD/CAD declines towards weekly low at around 1.3340 ahead of BoC’s interest rate policy
USD/CAD is looking to extend its downside towards a weekly low around 1.3340 amid the risk-on market mood. The BoC is expected to hike interest rates further by 25 bps to 4.50% this week. Oil prices might deliver a recovery amid optimism over China’s economic recovery. The USD/CAD pair has dropped to near 1.3367 gradually […]
Can Canadian Jobs Numbers Change the BOC’s Mind?
The Loonie has been suffering a bit for a combination of factors. The slide in the price of crude, is one of them, but crude prices are volatile in the current conditions. A more enduring factor is the perception that the BOC is likely to be the first major central bank to pause in the […]