USD/CAD is trading at 0.9926 ahead of the Bank of Canada rate decision at the top of the hour.
The BOC has changed the protocol for the decision and the quarterly MPR will be released alongside the decision. Carney will also hold a press conference shortly afterwards.
I wrote a preview of the decisions yesterday.
The parameters to watch on USD/CAD are 0.9903/00 below and 0.9946/50 on the topside.
