CAD is over.. and the Bank of Canada has decided to save its dry poweder for another day.
The benchmark rate remains on hold at 0.50% even as the central bank cuts its GDP forecast.
BANK OF CANADA MAINTAINS BENCHMARK INTEREST RATE AT 0.5%
BANK OF CANADA CUTS 2016 GDP FORECAST TO 1.4% FROM 2%
Long USD short CAD at market 1.4535...target around it could go even higher.. in this case let the profit roll until the next decision rate by the Bank of Canada
The benchmark rate remains on hold at 0.50% even as the central bank cuts its GDP forecast.
BANK OF CANADA MAINTAINS BENCHMARK INTEREST RATE AT 0.5%
BANK OF CANADA CUTS 2016 GDP FORECAST TO 1.4% FROM 2%
Long USD short CAD at market 1.4535...target around it could go even higher.. in this case let the profit roll until the next decision rate by the Bank of Canada