• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

USD/CAD – Back To 1.2500? – Thursday, April 19

By Kurt Osterberg · On April 19, 2018

Yesterday’s dovish BOC statement send USD/CAD back above the 1.2600 figure — a move that no doubt pleased the Canadian monetary officials who want to see the value of the currency remain relatively low. But the rally could be short-lived if the data continues to surprise to the upside.

Tommorrow the market will get a look at CPI and Retail Sales Reports and although both datasets are projected to be a bit lower than the month prior and upwards surprise could send USD/CAD back to a retest of the 1.2500 level. Despite Governor Poloz’s caution, the central bank has not ruled out the prospect of another rate hike in May, and some analysts continue to believe that the BOC will act.

Furthermore, with oil prices within a dollar of the key $70/bbl mark, the Canadian economy could absorb a rate hike with relative ease so the loonie could still have some juice left in the trade if the data provides the catalyst.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    Leveraging Work Collaboration with Work Management Platforms in Mid-to-Large Size Companies

  • Finance

    Don’t Overlook Safety for High-Performing Teams

  • Finance

    Here’s 2 Sure-Fire Tactics That Have Never Let Me Down

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

New Posts

  • Leveraging Work Collaboration with Work Management Platforms in Mid-to-Large Size Companies

    Leveraging Work Collaboration with Work Management Platforms in Mid-to-Large Size Companies

    January 22, 2021
  • Don’t Overlook Safety for High-Performing Teams

    Don’t Overlook Safety for High-Performing Teams

    January 22, 2021
  • Here’s 2 Sure-Fire Tactics That Have Never Let Me Down

    Here’s 2 Sure-Fire Tactics That Have Never Let Me Down

    January 22, 2021
  • Pandemic Economy Gives Remote Workers 3 Key Benefits

    Pandemic Economy Gives Remote Workers 3 Key Benefits

    January 22, 2021
  • 3 Ways to Successfully Stay Remote in 2021

    3 Ways to Successfully Stay Remote in 2021

    January 22, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.