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#1 09-01-2018 14:50:26

johnedward
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From: Paris - France
Registered: 21-12-2009
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USD/CAD: the cross will likely fall towards 1.2062 if the BoC...

USD/CAD: the cross will likely fall towards 1.2062 if the BoC re-increases its key rate next week (BTMU)


http://www.forex-central.net/forum/userimages/LogoBTMU.JPG


BTMU believes that the USD/CAD pair is likely to decline by the January BoC monetary policy meeting next week. BTMU expects the BoC to raise its key rate.

"The markets have brought their anticipation of a rate hike closer to 17 January. We have, too. The increase in the probability of a rate hike earlier than expected and the increase of the price of a barrel should push the loonie up in the short term. If the BoC raises its key rate this month, the USD/CAD could go test the low point of September, around 1.2062," says the BTMU.


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