January IDEA : Long USDCAD
CAD is over.. and the Bank of Canada has decided to save its dry poweder for another day.
The benchmark rate remains on hold at 0.50% even as the central bank cuts its GDP forecast.
BANK OF CANADA MAINTAINS BENCHMARK INTEREST RATE AT 0.5%
BANK OF CANADA CUTS 2016 GDP FORECAST TO 1.4% FROM 2%
Long USD short CAD at market 1.4535...target around [1.50;1.51] it could go even higher.. in this case let the profit roll until the next decision rate by the Bank of Canada
The benchmark rate remains on hold at 0.50% even as the central bank cuts its GDP forecast.
BANK OF CANADA MAINTAINS BENCHMARK INTEREST RATE AT 0.5%
BANK OF CANADA CUTS 2016 GDP FORECAST TO 1.4% FROM 2%
Long USD short CAD at market 1.4535...target around [1.50;1.51] it could go even higher.. in this case let the profit roll until the next decision rate by the Bank of Canada
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