The bank of Canada will make its monetary policy statement and announce the official rate on April 24, at 17:00 MT time.
Greenback rebounds ahead of Fed gathering minutes
On Wednesday, the evergreen buck rebounded, thus snapping three weeks of dives as market participants looked ahead to the minutes of the Fed’s December gathering later in the day.
Assessing the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index ascended 0.19% hitting 91.73, drifting away from Tuesday’s three month minimums of 91.47.
The US dollar index concluded 2017 down 9.8%, which appears to be the biggest annual percentage sag since 2003.
The US currency sank in 2017 because the global economy gained momentum driving hopes for tighter monetary policy in other countries that would lessen the divergence between the Federal Reserve and other major financial institutions.
The common currency dived after a soar spurred by hopes that the European Central Bank is going to start winding down its stimulus program later in 2018. The currency pair EUR/USD lost 0.27% hitting 1.2026.
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…