EDT The order book may be a bit soft ahead of Tuesday's Bank of Canada policy rate announcement but BMO's Matt Perrier expects there to be "a lot of interest" in USD/CAD. The pair should remain rangebound, trading between 1.0380 and 1.0440 for the rest of Monday with an underlying bullish trend given the ongoing focus on Europe. With the central bank widely expected to remain pat on its policy rate, Perrier said any calm or pause in the market's worries over Europe could see USD/CAD pullback to 1.01 to 1.02 levels. It could edge higher if negative sentiment still weighs on the market, he said. USD/CAD at 1.0426, up about 0.19%, according to CQG.
Find us on Google+
No comments:
Post a Comment