Why CAD goes Down ?

I wnat To Ask About The CAD

the Interest Rate Statement moves from
4.25% to 4.50% this means that the CAD is in Power Mode

but
CAD Goes Down
USD/CAD moves up after the news

WHY ?

That is a good question, I don't no the answer, but hopefully somebody does, I went long od the usd\cad and did not fair to well.

This is classic scenerio of "When Good Come Out, Profit is taken". Hedge fund have already put position before the rate released. When news came out, they took away their profit. So in short term, USD/CAD was up, but I long term, it's still bearish.

Just personal view. If I am wrong, please point out.

regards

Oil prices, commodities, the stock markets and even politics are generally more important in the USD/CAD relationship than are benchmark interest rates.