Market Overview

USD/CAD Little Changed Ahead of Canadian Central Bank Decision

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USD/CAD is trading at 1.3121, up 0.0006.

The pair is rangebound during late forex trading.

Market chatter about the Bank of Canada's monetary policy and global money flows is making the rounds.

The Bank of Canada (BOC) meets Wednesday and is scheduled to announce if there is any change in monetary policy at 10:00 a.m. ET. Canada's Central Bank (BOC) Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins are scheduled to hold a press conference following the interest rate decision.

In other Forex Markets;
EUR/USD is trading at 1.0979, down 0.0030.
GBP/USD is trading at 1.2293, up 0.0075.
USD/JPY is trading at 103.84, down 0.02.
AUD/USD is trading at 0.7664, up 0.0025.
USD/CNY is trading at 6.740, unchanged on the day.

Posted-In: Canadian dollar USD/CADFutures Forex Markets

 

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