Free Trial

USDCAD topped out at C$1.3521,........>

DOLLAR-CANADA
DOLLAR-CANADA: USDCAD topped out at C$1.3521, before meeting resistance from the
Apr 24 high. Rate drifts back under C$1.35 at typing with focus on the BoC rate
decision for direction (1400GMT). A hold in the BoC's policy rate at 1.75% is
unanimously expected by the 15 sell-side analysts` previews reviewed by MNI.
Despite strong economic data releases since the April meeting (including a
record month for job gains in April), consensus is for the BoC to maintain its
forward-looking language, having dropped its explicit tightening bias at the
April meeting, and to maintain its outlook that "accommodative" policy remains
warranted.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.