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What to expect from the Bank of Canada's next interest rate announcement

What to expect from the Bank of Canada's next interest rate announcement

In the previous meeting, Canada's central bank kept its key interest rate at 5%. The current interest rate is unsustainable for Canadians, and it seems evident that the Bank of Canada will keep the overnight key rate. The BoC decision on the interest rate is likely to weaken the national currency—the nearest target for USDCAD is 1.3650–1.3700.
OctaFX | 622 days ago
FED Policy Expectations

FED Policy Expectations

Chair Powell provides the most definitive signal that the cycle of interest rate hikes for the USD has end. The US dollar has experienced continued weakness in the Asian trading session, persisting from the sell-off observed in the previous week. Over the last three weeks, the dollar index has consistently closed lower, marking an overall decline of around -4.0% since reaching its peak in October.
ACY Securities | 622 days ago
Daily Global Market Update

Daily Global Market Update

Gold plunges 4.2%, Euro down 0.4%, Pound falls 0.6%, Bitcoin surges 4.9%. Global: China-EU Summit, $1.76B crypto fund inflow, AMD's India R&D center. Economic events: French Output, RBA statements, U.S ISM PMI, Japan's bond auction, Eurozone PPI, Australia's RBA Decision.
Moneta Markets | 622 days ago
Dollar gains ahead of NFP

Dollar gains ahead of NFP

Wall Street's bullish momentum showed signs of easing, coinciding with the U.S. dollar stabilising ahead of the eagerly anticipated U.S. job data (NFP) set for release this Friday. Market sentiment was impacted by a tempered view on the Federal Reserve's unwinding of monetary tightening, with concerns that optimism might be premature.
PU Prime | 622 days ago
Bitcoin accelerated growth

Bitcoin accelerated growth

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin accelerated growth
FxPro | 623 days ago