Errbody and their mommas expect the Bank of Canada (BOC) to cut its interest rates by another 50bps in December!
Our Event Guide for BOC’s December Decision points out that central bank members seem committed to another outsized rate cut despite improvements seen in Canada’s inflation and labor market prospects.
While the decision may have already been priced in CAD’s current prices, dovish hints in BOC’s press conference could lead to further losses for the Loonie.
Here are EUR/CAD and CAD/CHF’s setups if you’re expecting the Canadian dollar to lose more pips after BOC’s event!
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