USDCAD rallies on dovish Poloz comments

Author: Mike Paterson | Category: News

BOC governor Poloz has given CAD a reason to creak 13 Mar

Adam had the comments here, all coming out around a strong option battle at 1.2850 that I was reporting on at the same time .

Dovish tone to Poloz today and we've seen USDCAD now up to 1.2940 in a rush before settling back at 1.2920.

1.2960 remains pivotal to the topside then more res/offers between 1.2980-1.3000 again. Demand now building around 1.2880, 1.2850 and 1.2830

CAD weaker across the board with CADJPY also a prime mover.