USD/CAD drops to 1.3079 from 1.3125

There was so much talk about a dovish hike heading into this decision but it misses what the Bank of Canada has been saying for the past few months -- they don't like forward guidance.

Instead, the Bank of Canada is upbeat about some economic prospects while cautious on trade.

The reaction has been a quick drop in USD/CAD down to 1.3080 from 1.3140.