Good morning traders, USD/CAD tumbled to a fresh yearly low for 2017 as the Bank of Canada hiked their benchmark interest rate to 1.00%. As we’ve been discussing on the blog, this shift in market positioning was expected to continue throughout the remainder of the year as Governor Stephen Poloz continues to take a hawkish stance in any forward guidance published from the bank. This also comes as the normalasation (god I love that word) of monetary policy appears to be on course as we head through the back half of the year and beyond. Remember on Tuesday when we last blogged the following USD/CAD setup? Price retested ... (full story)