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AUD/CAD

The AUD has seen a strong recovery in the final quarter of 2018 against CAD. In the early hours of Tuesday morning, we get the latest announcement on the interest rates from the Reserve Bank of Australia accompanied by a statement from the Reserve Bank board about forward guidance. Overnight they also release Gross Domestic Product figures which evaluates the total value of all goods and services produced. At 15:00 on Wednesday we get an interest rate decision and statement from the Bank of Canada (BoC). If the BoC is hawkish and leans towards a rise in the interest rate it could be viewed as positive, or bullish, for the CAD. Likewise, if they have a dovish view, this could be seen as negative, or bearish.

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