The US Dollar lost ground in the late New York session after the Federal Open Market Committee (FOMC) of the US Federal Reserve left rates on hold, but did not deliver the expected language on tapering the quantitative easing program that the markets had hoped for. Rather, the apex bank […]
The Bank of Canada (BoC) has just announced its interest rate decision, leaving the key rate unchanged at 0.25% at the April policy meeting. However, the key data piece was the tapering of the quantitative easing program of the bank via a downward adjustment of the size of its asset […]
The USD/CAD resumed its push lower after a day of respite, as risk-on sentiment held sway in the markets on the back of several fundamentals. Crude oil prices edged slightly higher on the day, and look set to end the week 6% higher to give the commodity-linked loonie the edge […]
At 3 pm UTC, the Bank of Canada (BoC) will announce its interest rate decision. Markets expect the key interest rate to be left unchanged. USD/CAD traders would be looking out for is the bank’s pronouncement on the rising Canadian bond yields, against the backdrop of improved prospects for growth […]
The Bank of Canada (BoC) elected to leave its key interest rate steady at 0.25%. It also opted to leave its quantitative easing program at present levels. These were the highlights of its last rate decision statement for 2020, released this Wednesday afternoon. The BoC also hinted at leaving rates […]
The Loonie took a massive hit this Wednesday as risk aversion took hold of the markets shortly before the onset of the NY session. Crude oil prices fell as soaring coronavirus cases, and a lack of any further stimulus from the US Congress sent risk-seeking assets into the red. This […]
The USDCAD resumed the downward move today, hitting the lowest level since September 21 after oil prices rose on the WTI and the Brent benchmarks on Thursday. Also, BoC Governor Tiff Macklem declared that the bank would not deploy negative interest rates even if the coronavirus situation were to worsen. […]
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The USDCAD is in the middle of a choppy trading session as the Bank of Canada voted to leave the interest rates unchanged at 0.25%. This decision meets the market expectations, which did not foresee any further adjustment in interest rates. Attention has now shifted to the Q2 2020 edition […]
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