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USD/CAD forms a double-top pattern ahead of Canada jobs data
  • The USD/CAD price has formed a double-top pattern ahead of Canada jobs data.
  • Analysts expect that the country’s unemployment rate declined to 8.0%.
  • On Wednesday, data by Ivey showed that Canada’s PMI rose in March.
April 8, 2021

Market analysis

Bank of Canada Cuts Rates Again, USD/CAD Hits 4-Year High
Bank of Canada (BoC) slashed its benchmark interest rate by 50bps from 1.25% to 0.75% for the second time in 10 days as the central banks worldwide continue to ease amid the coronavirus outbreak. Fundamental analysis: New measures introduced In addition to a rate cut, the Bank introduced a…
March 13, 2020
USD/CAD Price Skyrockets Over $1.31 On Dovish Bank Of Canada Statement
The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher.  Fundamental analysis: BoC unexpectedly dovish Bank of Canada left its key policy rate unchanged at 1.75% at its January policy meeting. However,…
January 22, 2020

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