Daily Market Updates: EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally , Is 1.5000 Coming Into View?

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EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally , Is 1.5000 Coming Into View?

Reported · Written up by our desk · Major Pairs

EUR/CAD broke to a 15-month low after the BoC hiked to 2.50% and sharply revised its inflation forecast higher, reinforcing a Canadian Dollar rally that was already underway. With OIS pricing ~52% odds of a December follow-up hike and the cross testing 1.5414 support, a break opens the door toward the psychological 1.5000 level. The post EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally , Is 1.5000 Coming Into View? appeared first on ActionForex .

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Action ForexEUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally , Is 1.5000 Coming Into View?

Forex

EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally , Is 1.5000 Coming Into View?

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