Video: Whether the BoC Hikes or Not, USD/CAD And Crosses Will Move

Talking Points:

• Overnight swaps are pricing in a 44 percent chance of a Bank of Canada rate hike Wednesday to follow July's 25bp tightening
• Implied volatility shows considerable anticipation for USD/CAD and other Canadian Dollar cross response to the event
• The deeper potential follows a dovish outcome (I like NZD/CAD, GBP/CAD and USD/CAD), but account for the hawkish (AUD/CAD)

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