ECB Pledges, BoC Punts
The BOC offered few hints about what's coming next while holding rates steady. There was some speculation they could dial down the bloated QE program but most were waiting for new forecasts in April anyway. There's no doubt those forecasts will be better as the BOC acknowledged in its statement that the economy has been more resilient and said Q1 GDP will likely be positive.
CAD initially slumped on no changes to QE but later rallied to finish near the best levels of the day on USD weakness, commodity strength and risk appetite.The risk is that's not enough of yields rise.
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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