Bank Of Canada (BoC)

USDCAD breaks higher The Canadian dollar slipped after the BOC kept interest rates unchanged. Its US counterpart found support at 1.2560 after a brief pullback. An oversold RSI attracted some bargain hunters. The current rebound is…
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EURUSD weakens ahead of Fed meeting The US dollar rallies as the markets price in a hawkish tone out of this week's Fed policy meeting. As the US unemployment rate falls under 4% and inflation reaches a 40-year high, traders are…
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USDJPY retreats ahead of BOJ meeting The US dollar slips from profit-taking ahead of the Bank of Japan interest rate meeting. While the US struggles with rampant inflation, weak household spending and wage growth in Japan keep…
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EURUSD awaits inflation-driven breakout The euro inched higher as traders bet on lasting inflation in the eurozone. The single currency may become the main driver of volatility in 2022. Relatively speaking, pricing the US dollar…
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AUDUSD bounces higher The US dollar softened over profit-taking after the Fed sped up tapering as expected. The pair has found support over the psychological level of 0.7000. A break above the supply zone at 0.7170 is a show of…
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AUDUSD softens ahead of RBA meeting The Australian dollar slipped as markets switched to risk-off. Weakness in commodity currencies underlines risk aversion going into another covid winter. Australia's economic slowdown in the…
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It's no secret that higher inflation around the world is perhaps the single largest driver of fiscal policy and currency market moves. But that's not the case for all economies; meaning that there are disparate market reactions to the…
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EURUSD tumbles as US inflation hits 30-year high The US dollar skyrocketed across the board after hot inflation raised bets on rate hikes. US consumer prices jumped by 6.2% in October on a yearly basis. That's the biggest surge since…
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