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USD/CAD trying to rebound this morning following BOC hold yesterday
Updates here yesterday morning noted how a growing number of analysts were potentially looking for the Bank of Canada (BOC) to lower its 2.75% OCR. Well, in the event the BOC did not do that and the decision to keep rates on hold sent the USD/CAD lower. The price was around 1.3925 leading into that outcome and it later fell back to a US session low, at 1.3856, before closing at 1.3859. The low seen earlier today was set at 1.3855, but it is on the rebound right now. The USD/CAD is edging back towards the 1.39 handle. The high seen so far has just this minute been set at 1.3896
Market News
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US stocks mixed in early trading- Dow Jones still in the red
The US stock markets have been open for around 20 minutes now and so far it has been an early session of mixed fortunes. The Dow Jones is still in the... -
GBP/USD making some progress now towards 1.3250
Following on from the previous update looking at the price action in the EUR/USD we see the GBP/USD has charted a slightly steadier route higher... -
It is very choppy out there right now- check out the EUR/USD
Having just covered updates on the Nasdaq 100, Gold and the USD/JPY, the vista out there right now is pretty choppy. It is easy to write something...
