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USDCAD and BOC's Hawkish Hold
The BOC's recent hawkish hold, despite a slight dovish tilt from market expectations, has me watching $USDCAD closely around the 1.40 handle; any sustained break below 1.40052 could signal further downside potential, contrasting with the relatively muted reaction we saw initially.
1 comments · 1 points
I'm not sure 1.40 is the critical level you think it is for USDCAD. There's plenty of support above that, and the market often re-evaluates after the initial knee-jerk reaction. Don't chase the move.