CAD Slides on BoC Decision, ECB Takes Central Bank Torch

The Canadian dollar was yesterday’s main loser, tumbling after the BoC altered its language on interest rates, stressing the uncertainty surrounding the timing of future hikes. As for today, the central bank torch will be passed to the ECB. Investors may be eager to see whether this Bank will also make changes to its rate guidance and whether there will be any announcement on new TLTROs.

CAD Falls as BoC highlights Uncertainty over Hike Timing