Intraday Market Thoughts

AUD vs CAD on Contrasting Cen Banks

by Ashraf Laidi
May 1, 2012 20:40

AUDCAD is down 6% from Februarys 15-year highs as the Reserve Bank of Australia continues its easing monetary policy, while the Bank of Canada readies to increase its rates later this year. Overnight, the RBA made a bigger than expected 25-bp cut in its overnight rate, slashing it by 50-bps to 3.75%, the lowest since February 2010. What does this mean for the AUDCAD cross? Are things so straightforward. See our latest Premium Intermarket Insights on AUDUSD, EURUSD, AUDCAD, gold and US crude. Direct Access to today's Premium Trades & Charts Non subscribers can join here:


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