At this moment, Canada, Toronto, Rookfield Asset Management, foreign exchange trading department, all traders are looking at the USD/CAD chart with fear, and every time USD/CAD beats, their hearts resonate.

Cold sweat on their foreheads, feet, hands, neck, and backs were all in cold sweat, and the sweat was rapidly evaporating, as if it had taken away the heat from their bodies.

One trader shivered a little and shouted, "Man, please turn up the temperature of the air conditioner, it's so cold!!"

"Okay, I'm going to turn up the air conditioner," he said, turning the air conditioner up to a high temperature, sneezing, and continuing, "I'm feeling a little cold, the USD/CAD makes me feel so cold!"

Another trader crossed his hands over his chest and began to pray helplessly: "God, my lord, I beg you not to let USD/CAD go up again!"

When the other traders heard this, they all looked at him in surprise and shook their heads.

At around 10:58 p.m., USD/CAD immediately fell by 50 pips, from 1.1020 to 1.0970 in just one minute.

Immediately, the faces of the traders in the foreign exchange trading department were ecstatic, and their hearts were instantly relieved.

The trader who was praying to God suddenly laughed and said, "Haha, I prayed to God just now, I really prayed right!", he said with a fist in his left hand, pointed to the USD/CAD chart with his right hand, and said with a somewhat proud expression: "I just finished praying, and the USD/CAD immediately plummeted, from 1.1020 to 1.0970! It fell 50 points in less than a minute!

Immediately, the traders gave him a thumbs up: "Great prayer!!"

At this point, a trader began to chimed in: "God has really blessed us!", and pointed to the USD/CAD chart with a hint of joy on his face, and continued: "Just caused a panic among the USD/CAD bulls, so USD/CAD fell by 50 pips in less than a minute!"

Previously, USD/CAD had been oscillating around the 1.1020 level, making it difficult for them to sleep, but now that it has suddenly fallen by 50 points, they are naturally very happy, and suddenly there is a glimmer of hope in their desperate hearts!

At this time, a trader said excitedly, "The USD/CAD fell by 50 points just now, and I feel so comfortable!", two minutes ago, his heart was still in despair, but at this moment his desperate heart produced hope and longing!

Another trader smiled excitedly: "Haha, it seems that waiting for the outcome of the Bank of Canada interest rate meeting may really make the USD/CAD fall sharply!", looking at the previous USD/CAD fell by 50 points in less than a minute, he was excited in his heart, at this moment he was thinking about the Bank of Canada interest rate meeting, the USD/CAD continued to fall sharply, preferably by 200 points!

His words immediately attracted the echo of another trader, "Hehe, it's not possible, it's bound to fall sharply!" For him, just now the USD/CAD fell by 50 points in less than 1 minute, and it is likely that the bulls are panicking! Once the Bank of Canada's interest rate meeting is in favor of the Canadian dollar, then the USD/CAD will definitely plummet!

At this time, the trader who had just prayed for the success of the USD/CAD crash smiled and said, "Let's pray to God together!", looking at the crowd looking like they were about to move, he said again: "Let's pray together that the USD/CAD will collapse at that time!"

"Good!"

"Great idea!"

"It's a great way!"

"Yes, maybe God will give it to us again!"

"Okay, let's pray together that USD/CAD will plummet at the BoC interest rate meeting!"

Immediately all the people crossed their hands and pressed them to their chests and began to pray to God. The heart is praying: "My Lord, O Lord of the Omnipotent, I pray to you to let the USD/CAD plummet!"

·····

Time passed slowly, and in the midst of the prayers of the crowd, the time was frozen at eleven o'clock in the evening!

This moment will leave an indelible mark in everyone's hearts!

Canada's central bank interest rate decision until January 22

Previous 1%

Forecast 1%

1% of the declared value

The Bank of Canada communicates with investors by setting a benchmark interest rate and publishing an updated commentary on the economy. At present, Canada's benchmark interest rate is the overnight lending rate, which is set to guide the flow of funds and then affect the economy.

Short-term interest rates are the most important parameter for currency valuation. If there is a rate hike, or if the economic assessment is optimistic and hints at a rate hike, it is positive for the Canadian dollar. Conversely, if interest rates are cut, or if the economic assessment is pessimistic and hints at a rate cut, it is bearish for the Canadian dollar.

At this moment, the foreign exchange market was the first to react!

USD/CAD, which was around 1.0970 before the Bank of Canada's interest rate decision, jumped 50 pips from 1.0970 to 1.1020 after the rate was announced.

After another 20 seconds, USD/CAD continued to rise by 40 pips!

But USD/CAD still didn't stop and continued to rush upward!

It rises to around 1.1100 in 1 minute!

It skyrocketed by 130 points!!!!

Countless USD/CAD shorts in the market have stopped their losses and liquidated positions!

The Bank of Canada signaled that inflation concerns are intensifying than they were three months ago, and made it clear that the next step in interest rates could be both upward and lower, depending on how the data performs.

The central bank also said that "while the fundamental drivers of economic growth and future inflation appear to be strengthening, inflation is expected to remain well below target for an extended period of time, hence the increased risk of a downgrade in inflation." ”

"The timing and direction of the next policy rate adjustment will depend on how the new data will affect the risk balance picture," the central bank noted. "This is the first time in a recent statement that the central bank has acknowledged the possibility of a rate cut.

The central bank expects inflation to be lower than expected in its last quarterly report released in October. Headline and core inflation is expected to be around 1% in the first half of 2014, at the bottom of the 1-3% target range. But the central bank still expects inflation to rise back to its 2% target "in about two years".

Analysts pointed out that the Bank of Canada has kept the overnight interest rate unchanged at 1% for more than three years in order to achieve the 2% inflation target, while Canada's CPI in November 2013 increased by only 0.9% y/y, far from the target, and the unemployment rate in December was 7.2% compared with November.