USD/CAD Edges Up After Rate Decision

As expected, the Bank of Canada left the Overnight Rate unchanged. This decision, that contained concerns about the strength of the Canadian dollar, was widely expected by the markets. USD/CAD is trading slightly higher, under the resistance line. The rate statement that was released with the rate decision, talks about inflationary pressures from commodity prices,

Source: http://feedproxy.google.com/~r/ForexCrunch/~3/plVFapLez04/

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