USD/CAD: BOC Rate Statement - Fundamental Analysis - Dukascopy Bank

Wed, 09 Dec 2020 15:31:59 GMT
Source: Dukascopy Bank SA
 

The US Dollar depreciated against the Canadian Dollar, following the BOC Rate Statement release on Wednesday at 15:00 GMT. The USD/CAD exchange currency rate lost 14 pips or 0.11% after the release. The Greenback continued trading at the 1.2810 level against the Loonie after the release.

Bank of Canada released Canadian Overnight Rate data, which came out in line with the expectations of 0.25%.

According to the official release: "The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week."

Historical Data: Canadian Overnight Rate
Date03.06.2015.07.2009.09.2028.10.2009.12.20
Actual0.25%0.25%0.25%0.25%0.25%
Forecast0.25%0.25%0.25%0.25%0.25%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.955550.9536-0.20%
CAD/CHF0.695350.696440.16%
EUR/CAD1.547601.54461-0.19%
USD/CAD1.278991.2775-0.12%
Dec 9, 2020 Open Positions
PairLongsShorts
AUD/CAD28.8%71.2%
CAD/CHF42.7%57.3%
EUR/CAD29.4%70.6%
USD/CAD58.2%41.8%

Economic calendar


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.