Today the Bank of Canada hiked rates first time since 2010. With the accompanying statement, they delivered a hawkish hike. Speculations were that the hike was priced in and not much downside could be seen in USDCAD (me too), but the BoC delivered massively.
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Putting this fall into context, just for fun. Grabbing data starting from January 2010 and arranging by percentage wise, todays fall in USDCAD was 38th! That's nothing, considering the SPX breaks some kind of record almost every week (new high, most smallest range, no corrections, new most boring week etc)
Looking at the fall from the pipcount perspective, we rank at a whopping 16th
Here's to me filling your brains with useless knowledge ;)