With both the FOMC and BOC meetings this week, its a big week for the pair. US interest rates are expected to stay on hold, but what’s most interesting is how they will combat inflation as the Fed’s bond buying program is expected to end in March. Expectations for the BOC meeting are still mixed as job rates and inflation are slightly more even than before.
Can we expect a large volatile movement for this pair? Check out the following link to view how USD/CAD negatively correlates with the USD/CAD: