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Forexlive Americas FX news wrap: CAD falls on BOC

Discussion in 'Market News' started by ForexLive, Oct 21, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for US trading on Oct 21, 2015: - Gold down $9 to $1167 - WTI Crude down $1.07 to $45.22 - US 10-year yields down 4 bps to 2.02% - S&P 500 down 12 points to 2018 The economic calendar was light on Wednesday except for the Bank of Canada but Poloz & Co delivered a trading opportunity after downgrading growth forecasts and pushing out the closure of the output gap. USD/CAD was slow to respond at first but eventually began to move higher and continued 120 pips from pre-BOC levels with only minor corrections along the way.

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