Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Important indicators may affect the CAD
Canada will release CPI and trade balance data on April 17, at 15:30 MT time.
Consumer price index represents the change in the price of goods and services purchased by consumers. This is the most important inflation-related release. As for trade balance, it shows the difference in value between imported and exported goods. Last time CPI advanced by 0.7% (vs. expected 0.6%). At the same time, Canada's trade balance declined by $4.2 billion. If the actual figures are higher this time, the CAD will go up.
• If the actual levels of indicators are higher than the forecasts, the loonie will rise;
• If the actual levels of indicators are lower than the forecasts, the loonie will fall.
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How Will USD React to US Consumer Confidence?
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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