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29 May 2013
Flash: CAD remains on weak footing in build up to BoC - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that CAD remains on weak footing in the build up to the BoC meet.
He writes, “The Canadian dollar remains on a weaker footing heading into today’s BoC monetary policy meeting with USD/CAD rising to its highest level since early June 2012. It will be last meeting under Governor Carney’s leadership who is not expected to drop the BoC’s tightening bias.”
He writes, “The Canadian dollar remains on a weaker footing heading into today’s BoC monetary policy meeting with USD/CAD rising to its highest level since early June 2012. It will be last meeting under Governor Carney’s leadership who is not expected to drop the BoC’s tightening bias.”