USD/CAD drops as oil prices jump and the market has a re-think on Poloz - ConsultFX

USD/CAD drops as oil prices jump and the market has a re-think on Poloz

The market completely misinterpreted Poloz USD/CAD is down 85 pips to 1.3260 as the market has a re-think on the Bank of Canada. Initially, the market took the speech as dovish as Poloz highlighted some downside risks. But he was hardly explicit.