Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD has a look at 1.38 this morning ahead of BOC this afternoon
The USD/CAD has traded at 1.3800 today. That is the exact high and it defines the highest level for the US dollar since it peaked at 1.3804 back on April 19. The move higher comes amid more general dollar strength outside of the USD/JPY and a further slide in the recent losses in the CAD/JPY. That has also been a major driver behind the recent rise in the USD/CAD. Later today we have an important monetary policy announcement from the Bank of Canada, at 1.45pm GMT. The BOC are widely expected to lower their OCR (official cash rate) again today. The consensus is for a 0.25% cut, from 4.75%, to 4.50%. That outlook is also major driver for the move to test 1.38 today in the USD/CAD and there will be more to add before and after the outcome of that decision is known later today. The USD/CAD is currently trading at 1.3792
Market News
All News-
Dow Jones futures in the red this morning following closing gains last night
Well, there was a rebound across the US stock markets and it was seemingly started by the Dow Jones, which never really fell back. That eventually... -
US stocks running out of steam now this afternoon? Time to sell again? Check out the S+P 500
The US stock markets have edged off their earlier highs now. That saw the S+P 500 peak earlier at 5,669. The Nasdaq 100 peaked earlier at 19,833. That... -
Is the trend your friend? EUR/USD turns higher again
It seems the minor dollar bounce is over now this afternoon, following the US economic releases seen earlier. The EUR/USD is now pushing to fresh...
