The Governor of the Bank of Canada (BoC) Poloz will deliver an economic progress report at 17:45 GMT to give added context to deliberations that lead to a 50bp rate cut, economists at TD Securities inform. USD/CAD failed to attract upside momentum despite the rate cut. Key quotes “The market is nearly 100% priced for two additional 25bps cuts by September.” “We think USD/CAD is unlikely to mark new ground as spot remains heavy and continues to hover well below the recent highs of 1.3465.” “Our expectations for another Fed cut at the March meeting should work to keep USD/CAD anchored. Plus, CAD screens cheap to HFFV while positioning sits at a modest short. This may also limit the upside potential of USD/CAD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD refreshes weekly tops and eases, comfortable above 1.2900 mark FX Street 2 years The Governor of the Bank of Canada (BoC) Poloz will deliver an economic progress report at 17:45 GMT to give added context to deliberations that lead to a 50bp rate cut, economists at TD Securities inform. USD/CAD failed to attract upside momentum despite the rate cut. Key quotes “The market is nearly 100% priced for two additional 25bps cuts by September.” “We think USD/CAD is unlikely to mark new ground as spot remains heavy and continues to hover well below the recent highs of 1.3465.” “Our expectations for another Fed cut at the March meeting should work to keep USD/CAD… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
