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CAD staying the weakest after BoC, DOW shows resilience

The US session is so far rather dull. Canadian Dollar remains the weakest one for the day and the week. Cautious BoC statement gave the Loonie no support. Fresh selling is seen, together with rebound in US stocks. Talking about stocks, they’re rather resilient so far. There are rumors that Trump is going to sign presidential proclamation tomorrow regarding the steel and aluminum tariffs.

DOW dipped to as low as 24571.50 but recovered. Risk stays on the downside. As we pointed out before, 25000 seems to be tough hurdle. But stocks’ reaction to the Gary Cohn resignation news is rather muted.

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