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USD/CAD holding rising trend line - bulls eyeing 1.3400 next?

July 19, 2018 3:49 PM
Last week, we highlighted how USD/CAD saw a momentary bout of weakness (loonie strength) after the Bank of Canada raised interest rates before reversing sharply back to the topside as oil prices collapsed...

USD/CAD sees an 80-pip roundtrip as traders weigh BOC rate hike vs. oil weakness

July 11, 2018 11:36 AM
As we noted in our Bank of Canada Preview report, today’s BOC meeting was never really about if the central bank would raise interest rates (even after last night’s escalation in the global trade war); instead, traders were focused on BOC policymakers’ outlook for future economic growth and what that would mean for interest rates moving forward.

USD/CAD rebound could be short-lived

March 21, 2016 2:50 PM
<p>The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week. It has shed in the process some 1765 pips from the high to the low, or almost 23 per cent in the space of only n...

USD/CAD edging lower as BOC takes a sanguine view on Loonie

March 9, 2016 11:40 AM
<p>As expected, the first major central bank “decision” of the week was not much of a decision at all. Earlier this morning, the Bank of Canada opted to leave interest rates unchanged at 0.50%, as all 11 primary dealers surveyed by the Wall Street Journal expected.</p>