Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

How Will CAD React to BOC Monetary Policy Report?

How Will CAD React to BOC Monetary Policy Report?

Updated

What will happen?

BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27.

It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

Last time BOC decided to keep the key rate and monetary policy stimulus at the same level. As the result, CAD/JPY dropped by 1%.

BOC.png

How to trade on BOC Monetary Policy report?

  • If the report is more hawkish than forecast, the CAD is likely to strengthen against other currencies.
  • If the report is more dovish than forecast, the CAD is likely to weaken against other currencies.

Instruments to trade: CAD/JPY, USD/CAD, CAD/CHF.

LOG IN

Deposit with your local payment systems

Be on top of your game

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

or

Start Live Chat