CAD rate trading

4 Eyl 2019

Today I see a CAD crash because all other major dollar based currencies have already cut their lending and repo rates, there's a few scenarios that could unfold the most unlikely 1 being a rate hike with a hawkish outlook, what is most likely to happen today at 4pm is a rate being maintained but with a dovish outlook or a rate cut with either a dovish or hawkish outlook and anything that is not the unlikely outcome will induce a fairly sharp or steady fall in the CAD currency against all other majors. Please note that this is purely speculative. I will personally be looking at currency pairs were CAD has been struggling recently.