USDCAD continues to trade weak and hits the lowest level since Apr 2018 on broad-based US dollar selling. The COVID vaccination in UK and Russia has increased demand for riskier assets like stocks. Markets eye BOC monetary policy statement today for further direction. The central bank is expected to keep rates unchanged at 0.25% at least till 2023. DXY lost more than 25 pips from minor top 91.01recovered more than 50 pips after hitting a 32 month low. Loonie hits an intraday low of 1.27725 and currently trading around 1.27793.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.