The bank of Canada will make its monetary policy statement and announce the official rate on April 24, at 17:00 MT time.
Australian dollar soars as RBA holds just as expected
On Tuesday, the Australian dollar revived in Asia right after the latest major bank rate review held steady, thus shrugging off the current account because it dared to widen further than previously expected into deficit.
The currency pair AUD/USD hit 0.7488, climbing up 0.01%, while USD/JPY reached 109.85, sliding 0.56% after Japan posted that in April average cash earnings tacked on 0.5%, unlike a 0.3% profits observed year-on-year.
The currency pair GBP/USD inched up 0.17%, demonstrating 1.2928.
Estimating the greenback’s strength versus six main currencies, the US dollar index went down 0.18%, trading at 96.60.
On Tuesday, the Reserve Bank of Australia issued its latest interest rate verdict and held at a record minimum 1.50%. Previously, Australia posted that the current account extended to a deficit of A$3.1 billion, unlike a surplus of A$100 million observed for the first quarter.
On Monday, the evergreen buck managed to surge versus the common currency and UK pound, backed by the relative strength of the American economy, although moves were still minor because many traders were still away for the long Easter weekend…
The major financial institutions of Afghanistan and Tunisia are geared up towards issuing a Bitcoin bond…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…