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CAD Initially Unsettled, Moves Back to Unchanged on BoC Decision

BOC
  • USD/CAD initially slips lower on the unchanged Bank of Canada rate decision, seeing the rate print an NY low of 1.2646 before swiftly recovering.
  • The unchanged decision on both tapering and rates was well within expectations, seeing USD/CAD swiftly bounce back to pre-decision levels of around 1.2670.

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