Today’s Bank of Canada rate decision reveals a potentially shifting monetary policy landscape, potentially setting up AUD/CAD for a top of range reversal in the short-term. With the BOC delivering a “hawkish cut” that acknowledged persistent inflation concerns while still lowering rates by 25bps to 2.75%, the Canadian dollar is showing resilience despite broader market uncertainty. Let’s examine how we may theoretically structure a trade plan around these developments.
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