The Canadian dollar has been one of the beneficiaries of the dovish Fed. Not only did they leave rates unchanged, but the team led by Yellen also lowered forecasts, including for those rates, even if she still talked about a 2015 move.
As a “risk currency”, the loonie enjoyed the move, falling from around 1.3180 to as low as 1.3012, but now things have changed.
Read the rest of the article USD/CAD bounces from 1.30 following Fed, Canadian CPI