RTby u/rtoth·1h

BoC's Hold — What it means for $CADUSD next week

So the BoC held rates again, as expected by pretty much everyone who isn't a perma-bear, but the market's reaction in $CADUSD to 0.71373 with a day high of 0.71398 tells me there's still a fair bit of

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RGu/rossi_greta·54m

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?

BoC's Hold — What it means for $CADUSD next week

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