The Bank of Canada released CAD Overnight Rate data that came out in line with expectations of 1.75%.
The Bank of Canada noted: "In determining the appropriate pace of rate increases, Governing Council will continue to take into account how the economy is adjusting to higher interest rates, given the elevated level of household debt,".
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| Historical Data Table: Overnight Rate | Economic Calendar for 25.10.2018 | ||||||||
| Date | 18.04.2018 | 30.05.2018 | 11.07.2018 | 05.09.2018 | 24.10.2018 | 11:45 AM | EUR Main Refinancing Rate | ||
| Actual | 1.25% | 1.25% | 1.50% | 1.50% | 1.75% | 12:30 PM | EUR ECB Press Conference | ||
| Forecast | 1.25% | 1.25% | 1.50% | 1.50% | 1.75% | 12:30 PM | US Core Durable Goods Orders m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.92562 | 0.92334 | -0.25% | AUD/CAD | 72.95% | 27.05% | |||
| CAD/CHF | 0.76279 | 0.76486 | 0.27% | CAD/CHF | 25.54% | 74.46% | |||
| EUR/CAD | 1.49073 | 1.48738 | -0.22% | EUR/CAD | 52.23% | 47.77% | |||
| USD/CAD | 1.30846 | 1.30458 | -0.30% | USD/CAD | 50.28% | 49.72% | |||