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October 16, 2012

USD/CAD Surges after Carney’s Dovish Statements

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BoC Governor Mark Carney spoke yesterday, with an apparent dovish tone regarding monetary policy, saying the BoC will be highly accomodative, and hinting that the benchmark interest rate will stay at 1.0% on the Oct. 23 meeting. The USD/CAD which has been trading in a bit of consolidation/congestion... FF News: Technical

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