Bank of Canada Breaking News - 23.10.2012

As it was expected, the main newsmaker in the currency market is the Bank of Canada: "Over time, some modest withdrawal of monetary policy stimulus will likely be required." in the foreseeable future. Surely, such announcement looks indefinably and the rate remained unchanged at 1% again. However, the reaction was violent: USD/CAD collapsed by 60 points within 30 minutes.

USDCAD, 15-minutes chart

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