Expectations for a March rate cut by BoC increasing – BAML

The Research Team at BofA-Merrill Lynch, forecasts Canada to see a 25bp rate cut in March, with market pricing for the rate cut by BoC increasing significantly to around 60% from previous 20%.
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AUD/USD short-term bullish – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, notes technicals suggest the short-term outlook for AUD/USD favours the upside, with the pair in need of a push above the resistance at 0.7830 to confirm further advances.
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