1 Oct 2015
CAD: Central bank’s easing cycle is over – BBH
FXStreet (Delhi) – Research Team at BBH, suggest that the better than expected July GDP figures from Canada yesterday helped solidify ideas that the central bank's mini-easing cycle (two rates cuts this year) is over.
Key Quotes
“The US dollar set new 11-year highs near CAD1.3460 earlier this week and is now pushing lower. Initial support is seen near CAD1.3235 but look for CAD1.3180 to be tested. A break of this latter area could spur a re-test on the CAD1.30 area.”
Key Quotes
“The US dollar set new 11-year highs near CAD1.3460 earlier this week and is now pushing lower. Initial support is seen near CAD1.3235 but look for CAD1.3180 to be tested. A break of this latter area could spur a re-test on the CAD1.30 area.”