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USD/CAD ppward correction underway

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD/CAD has been under pressure once more, ahead of today’s BoC police meeting as well as of the release of the U.S. Retail Sales. The Bank of Canada will have its policy meeting today to revise its Benchmark Overnight rate. Currently, the main interest rate stands at 0.5% since July 2015 after the bank lowered it by a quarter basis points. No changes are expected to the current monetary policy, however, the press conference will be cautiously watched for comments regarding the rally of

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