FXstreet.com (Barcelona) - The Dollar has rushed about 65 pips on the back of dovish Bank of Canada's monetary policy statement, extending rebound of day low at 1.0265 to 1.0395 so far.
The Bank of Canada has kept its benchmark overnight rate on hold at record low 0.25% and has reaffirmed its intention to maintain it at that level until mid 2010.
Furthermore the Bank has warned about an strong Canadian Dollar, affirming that it could dampen economic recovery.
At the moment, the Dollar moves at 1.0375, with next resistance levels at 1.0400, and above here, 1.0435 and 1.0450. On the downside, support levels lie at 1.0300 and below there, 1.0265 and 1.0205.