{"id":9871,"date":"2010-06-01T08:16:30","date_gmt":"2010-06-01T12:16:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9871"},"modified":"2010-06-01T08:16:30","modified_gmt":"2010-06-01T12:16:30","slug":"canadian-dollar-cad-set-to-gain-following-rate-statement","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/01\/canadian-dollar-cad-set-to-gain-following-rate-statement\/","title":{"rendered":"Canadian Dollar (CAD) Set to Gain Following Rate Statement?"},"content":{"rendered":"<p><strong>By <\/strong><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex   Yard<\/strong> <\/a>&#8211; <\/strong>Rumors have been mounting steadily regarding the upcoming interest  rate decision by the Bank of Canada (BOC), due at 13:00 GMT. It appears  that a number of analysts have begun to expect an increase in value for  the loonie even if the BOC decides to keep rates steady. Can this be?<\/p>\n<p>Monetary policy decisions are complicated matters which weigh  multiple factors of economic growth and future prospects. When a central  bank acts, it typically does so cautiously. Should the BOC hold rates  steady it may not necessarily be due to any inherent weakness, or  foreseeable danger for the Canadian economy, but rather a fear of being  the first major economy to hike rates, especially during a period of  rampant risk aversion.<\/p>\n<p>In this case, a decision to keep rates where they are is not  necessarily a danger to the value of the CAD. Also, the subsequent rate  statement should help further a natural sell-off of the USD\/CAD, helping  raise the value of the loonie in the immediate aftermath. The  speculation is that this pair is heading downward unless a sudden burst  of risk aversion emerges once more, or if market sentiment declines,  which both seem less likely given recent news from the region.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex  Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and  may not be suitable for all investors. There is a possibility that you  could sustain a loss of all of your investment and therefore you should  not invest money that you cannot afford to lose. You should be aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Forex Yard &#8211; Rumors have been mounting steadily regarding the upcoming interest rate decision by the Bank of Canada (BOC), due at 13:00 GMT. It appears that a number of analysts have begun to expect an increase in value for the loonie even if the BOC decides to keep rates steady. Can this be? &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/01\/canadian-dollar-cad-set-to-gain-following-rate-statement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canadian Dollar (CAD) Set to Gain Following Rate Statement?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9871","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9871"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9871\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}