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  • 14h
    FXTØR FXTØR
    @58F vipper det idag ?
  • Squawk / Yesterday at 15:08 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Bank of Canada: The Bank hiked rates as was widely expected, but interest rate expectations are off slightly as the language around the hike isn't hawkish relative to expectations and USDCAD is bid, though we'll need to see where the pair settles after some very choppy price action. The downside pivot zone is 1.2350-1.2400 and the upside zone is 1.2600-25.

    The BoC statement suggests caution on future rate hike moves, concern that US tax reform could impact Canadian investment growth, and increasing uncertainty on NAFTA. On the positive side, the language on the domestic economy was largely positive, with a raise of 2018 estimates on consumption and housing and they also noted the labor slack dropping quickly.

    On policy the BoC says there is a need for accommodation to keep inflation on target, but that economy likely warrants higher rates over time.
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    Market Predator Market Predator
    Dovish hike :) Seems to be similar like Mr. Carney from BoE last year. John, is there any time schedule regarding NAFTA agreement, please? I hold Long...