EURCAD

- BoC's Gov. Macklem: The BoC is getting closer to raising interest rates. (CAD strengthened)
- ECB's President Lagarde believes that the prerequisites for a rate hike are unlikely to be met by 2022.
- ECB's President Lagarde: Inflation will continue to moderate in the coming year, although it will take longer to fall than previously anticipated.
!!!!!!!!!!!!!!!!!!!!ECB's President Lagarde: Any tightening measure now would do more harm than good.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This explains the trade.