Market Overview

USD/CAD Lower Ahead BOC

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USD/CAD is trading at 1.3061, down 0.0117.

The pair is trading rangebound. Market chatter about comments from global policy makers and headline news is making the rounds. Talk about the Bank of Canada's (BOC) monetary policy is starting to show up. The BOC is scheduled to announce if there any change to the central bank's interest rate policy Wednesday at 10:00 a.m. ET. A press conference held by Bank of Canada Governor Stephen Poloz will follow the announcement.

In other Forex Markets;
EUR/USD is trading at 1.0695, up 0.0094.
GBP/USD is trading at 1.2388, up 0.0350.
USD/JPY is trading at 113.06, down 1.10.
AUD/USD is trading at 0.7545, up 0.0074.
USD/CNY is trading at 6.8520, down 0.0465.

Posted-In: Canadian dollar USD/CADFutures Forex Markets

 

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