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Thomson Reuters
Mar 07 - 08:36 AM
USD/CAD - Remains Above 1.3400 Before Trudeau News Conference
First appeared on eFXplus on Mar 07 - 07:20 AM
  • USD/CAD jumped through 1.3400 after BoC's dovish hold Wednesday nL1N20T0D3
  • Bids are now tipped at that level (offers pre-1.3400 capped pre-BoC gains)
  • 1.3417 is the low water-mark since Wednesday's two-month high of 1.3457
  • Canada PM to address crisis which has cost his govt two ministers at 1300GMT
  • See: nL1N20T0SQ. CAD fell after the second resignation nL1N20R0XK
  • BoC's Patterson to speak at 1730GMT. Canada/U.S. jobs reports due Friday

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