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Carney’s last, a non event – TD Securities

FXstreet.com (London) - Research teams at TD Securities have noted that it will be the last policy meeting for Governor Carney tomorrow. They see no change in policy or the policy statement (in line with the consensus).

They rather think Mr Poloz’s speech on June 19th will be more important in terms of laying down markers for policy prospects. On the charts, they noted that USD/CAD’s earlier advance was capped in the 1.0365 area and the intraday picture looks a little soft. They would still rather look for limited weakness in USD/CAD at present and said the underlying trend higher remains constructive across a range of timeframes still and that should mean solid support for USD/CAD on dips to the low 1.0300 area.

USD/CAD rebounds off lows to trade at 1.0343/52

The USD/CAD has rebounded sharply off a session low of 1.0322 ahead of US trading Tuesday.
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Flash: Euro remains reasonably strong, considering... - BMO Capital Markets

Stephen Gallo, European Head of FX Strategy at BMP Capital Markets notes that in light of the recent, reasonably strong performance of the EUR on the cross rates, despite persistent slippage in some core and peripheral macro economic data points, he is keeping an open mind regarding how “mature” or well advanced this cycle of EMU-positive capital flows and sovereign spread compression has become.
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