USD/CAD Tracks March Opening Range Ahead of BoC Rate Decision
USD/CAD Tracks March Opening Range Ahead of BoC Rate Decision 2021-03-09 20:00:00 David Song, Strategist Canadian Dollar Talking Points USD/CAD tracks the opening range for March as it pulls back from the 50-Day SMA (1.2702), but the Bank of Canada (BoC) interest rate decision on March 10 may influence the exchange rate if the central bank adjusts the forward guidance for monetary policy. Advertisement USD/CAD Tracks March Opening Range Ahead of BoC Rate Decision USD/CAD is little changed from the start of the week even as longer-dated US Treasury yields trade above pre-pandemic levels, and ...
Source: dailyfx.com