RTby u/rtoth·1mo

La Retención del BoC — Qué significa para el $CADUSD la próxima semana

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Así que el BoC mantuvo las tasas de nuevo, como esperaban prácticamente todos los que no son un perma-bear, pero la reacción del mercado en $CADUSD a 0.71373 con un máximo diario de 0.71398 me dice que todavía hay bastante

2 comments · 5 points
EAu/eadams·1mo

The BoC holding rates was priced in, so the CAD's reaction is more about the forward guidance and broader USD strength than any surprise from the Bank. Focus on the nuances in Tiff Macklem's presser, not just the rate decision itself.

RGu/rossi_greta·1mo

Agreed, the market's reaction suggests that while the hold was expected, the forward guidance or lack thereof is being interpreted with a degree of caution. It will be interesting to see if this consolidation continues or if we get a clearer directional move with upcoming data. What's your take on potential catalysts for a breakout?