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    USD/CAD: Bank of Canada to pause and reflect for a while on 25.02.2015

    USD/CAD quotes skidded on Tuesday following the statements released by FED chairman Janet Yellen and the Bank of Canada's Governor Stephen Poloz. When addressing the Senate, Janet Yellen said that the state of the US economy had not improved enough for raising interest rates. That led to a substantial weakening of the US dollar. On the other hand, the Canadian currency was supported with Stephen Poloz's opinion that the previous drop of the interest rate provides some time for assessing the state of the Canadian economy. The Bank of Canada is likely to take a break in the nearest future and won't probably change interest rates. 


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