USD/CAD Threatening Range Support After the BoC Keeps Hawkish Language

Posted by on Jan 17, 2013

USD/CAD Chart 1H 6/5/2012 10:20AM EDT Economists had expected the BoC to keep its benchmark interest rate at 1.0%, and it did. Some expected more dovish language, but the language was more or less like the previous one, expect with slightly more notice of global growth problems. However this did remove the slight hawkish tone according to Adam Button of ForexLive. The USD/CAD has been spotted in a range between 1.0350 and 1.0445, seen in the 1H chart. Before the release, the USD/CAD was held
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