Intraday Market Thoughts

Archived IMT (2009.04.21)

by Ashraf Laidi
Apr 21, 2009 14:42

USDCAD jumps to 1.25 and CADJPY hits 78.28 as the bank of Canada cuts rates by 0.25% to 0.25%, moving officially into quantitative easing. While the decision to cut today was not widely expected, CAD losses were anticipated. USDCAD seen extending gains towards 1.2650, CADJPY eyes 75.70. VIX turns higher after closing above the April 8th gap-down target of 38.80.


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