- The USD/CAD fell to a low of 1.3145 and then settled at 1.3185, closing with losses.
- BoC hiked rates by 25 bps, as expected.
- The US reported lower-than-expected inflation figures from June.
The Lonnie traded with strong gains agains the USD on Wednesday following the Bank of Canada’s announcement of a 25 basis points hike and soft inflation figures from the US. However, the CAD traded weak agains most of its rivals, including the AUD, JPY, EUR and GBP.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased