-
USD/CAD Loonie Falls as Brexit Fears Rise
The Canadian dollar depreciated against the U.S. dollar after the market’s anxiety with the upcoming Brexit vote has risen following a deadly shooting of a U.K. member of parliament shut down the campaign on both sides of the referendum. The USD rose against all major pairs as a flight to safety was triggered as investors moved into the USD and the JPY. The Bank of Japan (BOJ) kept monetary policy unchanged and with a surprising neutral statement when the market expected some dovish language and even a shock quantitive announcement were not totally unexpected. Canadian factory sales rose 1 percent in April ... (full story)