The USD/CAD continues to climb higher as the USD rally keeps gathering momentum. The week started with a holiday for the U.S. and parts of Europe that resulted in thin volume. Yesterday with all markets online the USD started where it left off on Friday. Federal Reserve Chair Janet Yellen’s comments continued to boost the USD that benefited from European uncertainty on the Greek debt front. The Bank of Canada rate statement was never intended to defend the CAD’s position as all forecasts called for the interest rate to remain unchanged at 0.75 percent. The Bank of Canada did just that. The BoC made change to monetary ... (full story)