EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally — Is 1.5000 Coming Into View?

EUR/CAD broke to a 15-month low after the BoC hiked to 2.50% and sharply revised its inflation forecast higher, reinforcing a Canadian Dollar rally that was already underway. With OIS pricing ~52% odds of a December follow-up hike and the cross testing 1.5414 support, a break opens the door toward the psychological 1.5000 level. The post EUR/CAD Slides to 15-Month Low as BoC Reinforces Loonie Rally — Is 1.5000 Coming Into View? appeared first on ActionForex.