USD/CAD

At the end of yesterday's trading session, Canadian currency suffered significant losses, which couldn't help even the decision of the Bank of Canada to keep the main interest rate unchanged at 0.5%. The pressure on the currency strengthened by regulator's comments regarding the low inflation, as well as the negative effects of the high currency rate with which it's harder to fight for domestic producers. It should be noted that the pair USD/CAD had a reasonable basis for the growth without soft rhetoric of the Bank of Canada. The main reasons due to which the Canadian risks continue to remain under pressure, is the contrast of the monetary policies of the Bank of Canada and the United States, a significant yield spread between bonds of these regions, the probability of keeping the correctional dynamics of the oil market, as well as the risk of revision of NAFTA agreement after Trump will take over as US president. The greatest potential impact on the USD/CAD pair is in the last two factors. Oil has traded in the local minima, and, apparently, plans to continue its downward rally. As for Trump, after the inauguration the market can receive the first signals of implementation of trade reforms, about which so much said Trump during his election campaign.