The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Bank of Canada Meeting & Press Conference
|Canadian central bank raised its benchmark interest rate twice in 2017. At its last meeting in December, Governor Stephen Poloz sounded rather hawkish. At the same time, Canada’s economy has some problems that may make the Bank of Canada (BOC) put off policy tightening.|
|The BOC will announce its rate decision at 17:00 MT time on January 17. The probability of a rate hike at this meeting isn’t high, but traders will watch the central bank’s statement and the following press conference at 18:15 MT time. As a result, there are almost no doubts that USD/CAD will make big moves during these events.|
The US CPI and core CPI are due at 15:30 MT time on May 12.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
Stocks, oil and GBP gain on risk-on sentiment
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
Here you’ll find fresh news that drive the market today.