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Will a Bank of Canada taper lift CAD? - MarketPulse


Will a Bank of Canada taper lift CAD?
Posted 7 hours agoSharePrint
The Canadian dollar continues to drift this week. In the Tuesday session, USD/CAD is trading at 1.2532, down 0.02% on the day.
Will the BoC hit the taper button?
All eyes will be on the Bank of Canada policy meeting on Wednesday (14:00 GMT). The bank is expected to maintain interest rates at 0.25%, where they have been pegged since last March, at the start of the Covid-19 pandemic. Any drama will revolve around the bank’s QE programme, with the BoC widely expected to trim weekly government bond purchases from CAD 4 billion to 3 billion. ....

Bank Of Canada Rate Decision , Canada Core Cpi , Canada Cpi , Covid 19 , Sd Cad , வங்கி ஆஃப் கனடா ரேட் முடிவு ,

Canadian dollar dips on mixed data - MarketPulse


Canadian dollar dips on mixed data
January 18, 2021SharePrint
The Canadian dollar is down slightly in the Monday session. Currently, USD/CAD is trading at 1.2759, up 0.22% on the day.
Short squeeze boosts US dollar
The week ended on a high note for the US dollar, which recorded broad gains. USD/CAD is in positive territory again on Monday, and the pair touched a high of 1.2799 earlier in the day, good enough for a 1-week high. The US dollar has regained its form in the New Year after a dreadful 2020. The slide of the dollar has resulted in so many short positions that the dollar’s rebound has triggered a short dollar squeeze, which has given the dollar some momentum, as we saw on Friday. ....

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