New Zealand 1Q Consumer Price Index (QoQ) increase to 0.4% vs -0.2%

The USD/CAD closed 37 pips lower at 1.0203, with the greenback giving up gains across the board as buyers stepped back in to take advantage or yesterday’s declines in risk assets. All eyes are focused on the upcoming BOC Rate decision, due out on April 17th at 14:00 GMT. According to the FXStreet.com Economic Calendar, consensus is for the BoC to main its current interest rate of 1%.