The BoC rate statement is due out tomorrow and although we are not expecting the rates to change we are expecting the BoC to be slightly dovish in their speech. The oil price keeps falling and the data between this rate decision and the last has not really improved in fact unemployment got worse. I am expecting to see the USD stregthen against the Canadian in the short term
Commento:
taken profit - check out the latest ranalysis release on this currency pair we are now looking for a pull back