Loonie

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

July 19, 2018 8:49 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 4:36 PM
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.