Archived IMT (2008.12.09)

by Ashraf Laidi

Dec 9, 2008 14:15

BoC surprises with a 75-bp to 1.50% cut (instead of expected 50-bps), sending USDCAD likely above 1.27. Further upside towards 1.2750 is seen limited, especially maintain their upward tone. Fresh selling in equities may further aid USDCAD towards $1.2770.

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