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CADUSD - Watching BoC, DXY moves after quiet CAD
It's been a surprisingly placid session for $CAD today, hovering at $CAD 95.879, which feels almost eerie given the general volatility. Meanwhile, the $USDX is ticking up at 25.54. I'm keeping a close eye on tomorrow's BoC announcement. If we get any hawkish surprises or even a hint of a shift, I think $CADUSD could see some action, especially against a strengthening dollar. Not looking for fireworks, but that pair is definitely on my active watchlist for potential setups once the dust settles on central bank comms.
1 comments · 4 points
I agree, the quiet CAD today is a bit unusual. I'm also watching the BoC closely tomorrow. Do you think a hawkish tone from them is priced in at all, or would any surprise move really catch the market off guard given the current DXY strength?