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USD/CAD steady around 1.3550 as BOC decision looms
Fairly shortly, at 1.45pm GMT the Bank of Canada (BOC) will announce the outcome of their monetary policy decision. As noted here earlier today, the BOC are widely expected to lower their OCR by 0.25%, to 4.25%. Judging by the price action so far today such an outcome looks pretty baked in, whereas anything different might not be. The USD/CAD is still hovering just below its 200 day moving average, at 1.3587 and so far today that has not come close to being put to the test. The USD/CAD is currently trading at 1.3550
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