The economic data highlight for today/tonight will be the BoC rate decision.
Has the Canadian economy and sentiment improved enough to warrant an interest rate increase by the BoC?
While an earlier rate increase is highly anticipated (brought forward from April), this would also mean that the BoC is unlikely to further increase rates in the medium term.
This could be likely to have a negative impact on the USDCAD, driving prices off the 1.2410 support level.
It would be crucial to read the statement accompanying the decision.
Has the Canadian economy and sentiment improved enough to warrant an interest rate increase by the BoC?
While an earlier rate increase is highly anticipated (brought forward from April), this would also mean that the BoC is unlikely to further increase rates in the medium term.
This could be likely to have a negative impact on the USDCAD, driving prices off the 1.2410 support level.
It would be crucial to read the statement accompanying the decision.
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Join my mailing list jindaotai.com/joinme
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.