As Investors continue to digest Tuesday’s surprise Fed rate cut and Super Tuesday results, TD Securities’ focus shifts to today’s BoC policy decision. USD/CAD trades at 1.3350. Key quotes “TD looks for a 25bp rate cut from the Bank of Canada at the March policy meeting, in line with the market consensus, and think markets may be over-reaching with some looking for a dovish 50 bps move. This should still be enough to keep USD/CAD elevated.” “While expectations for a 50bp cut were helped by the Fed’s emergency rate cut, we believe the Bank’s concern over financial vulnerabilities and their data-dependent nature support cutting rates by just 25bps until the Bank has more insight towards the economic impact of COVID-19 in Canada.” “We see potential for a move toward 1.35 but do not expect a break into any new territory unless the BoC flags it stands ready to take rates lower again in April.” 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 RBA’s Debelle: We have capacity to reduce cash rate one more time FX Street 2 years As Investors continue to digest Tuesday's surprise Fed rate cut and Super Tuesday results, TD Securities’ focus shifts to today's BoC policy decision. USD/CAD trades at 1.3350. Key quotes “TD looks for a 25bp rate cut from the Bank of Canada at the March policy meeting, in line with the market consensus, and think markets may be over-reaching with some looking for a dovish 50 bps move. This should still be enough to keep USD/CAD elevated.” “While expectations for a 50bp cut were helped by the Fed's emergency rate cut, we believe the Bank's concern over financial vulnerabilities and their… 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.
