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27 May 2015
BoC on hold and USD/CAD towards 1.2550 – BBH
FXStreet (Edinburgh) - The research team at BBH expects the BoC to remain on-hold today, while the pair could gain further traction to the mid-1.2500s.
Key Quotes
“In an otherwise featureless North American session, the Bank of Canada meets”.
“The overnight rate is widely expected to remain unchanged at 0.75%. The key will be the accompanying statement”.
“The Bank of Canada previously anticipated that economic activity would pick up in H2”.
“There seems little reason to second guess that assessment at this juncture”.
“On the eve of the April 15 meeting, the US dollar was trading near CAD1.2485. It is now changing hands near CAD1.2445 and looks poised to extend its gains. The next target is near CAD1.2550”.
Key Quotes
“In an otherwise featureless North American session, the Bank of Canada meets”.
“The overnight rate is widely expected to remain unchanged at 0.75%. The key will be the accompanying statement”.
“The Bank of Canada previously anticipated that economic activity would pick up in H2”.
“There seems little reason to second guess that assessment at this juncture”.
“On the eve of the April 15 meeting, the US dollar was trading near CAD1.2485. It is now changing hands near CAD1.2445 and looks poised to extend its gains. The next target is near CAD1.2550”.