USD/CAD Slips Back Below 50-Day SMA as BoC Slows Pace of QE Program
USD/CAD Slips Back Below 50-Day SMA as BoC Slows Pace of QE Program 2021-04-22 14:00:00 David Song, Strategist Canadian Dollar Talking Points USD/CAD bounces back from a fresh monthly low (1.2460) in an attempt to retrace the decline following the Bank of Canada (BoC) interest rate decision, but failure to preserve the opening range for April may push the exchange rate towards the March low (1.2365) as the central bank tapers its quantitative easing (QE) program. Advertisement USD/CAD Rates to Watch as BoC Slows Pace of QE Program USD/CAD has slipped back below the 50-Day SMA (1.2576) as the ...
Source: dailyfx.com