Regular BOC interest rate decisions disseminate information on the health of the Canadian economy and policy expectations. AUD/USD is one of the most liquid and widely traded currency pairs. In this article, we look at basics of trading it from both the fundamental and technical analysis perspectives.
What is a bank rate comparison tool?
This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time. The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.
Will the BOC raise rates another 75bps?
The consensus among analysts is that the BOC will raise rates another 75bps, leaving the target rate at 4.0%. Lately, Canada has been "leading" the Fed since its meetings are scheduled before its southern neighbor's.
What is the BOC monetary policy framework?
The BOC monetary policy framework consists of two main components, the inflation-control target and the flexible exchange rate. Regular BOC interest rate decisions disseminate information on the health of the Canadian economy and policy expectations. AUD/USD is one of the most liquid and widely traded currency pairs.
