Wednesday, May 29, 2013

USD/CAD Slides on Canadian Rate Decision – BOC Sees rates “appropriate for a period of time”

The Bank of Canada left the interest rate unchanged at 1%, in line with expectations. The statement is what matters. In recent rate decisions, the BOC retreated from the prior hawkish stance (a talk about future hikes), and it became more dovish than beforehand. This time, the statement is not that dovish, and this supports
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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