Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
Pay attention to the BOC statement
The Bank of Canada will publish its statement on July 10, at 17:00 MT time. At the same time, the interest rate will be announced.
We do not anticipate any changes to the current interest rate, which is held at 1.75%. But it would be interesting to hear the tone of the statement by the BOC due to the global uncertainties and dovish statements of other major central banks. Let’s find out whether the bank will support the Canadian dollar.
• If the BOC is hawkish, the CAD will rise;
• If the BOC is dovish, the CAD will fall.
Similar
To Hike or Not to Hike?
Bank of Canada (BOC) will make a statement on December 8, 17:00 GMT+2.
All eyes on USD/RUB ahead of the CBR interest rate decision
The main bank of Russian will likely turn hawkish today. Time to sell USD/RUB?
Latest news
Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
News for The Week
US stock markets started falling, while the US dollar is rising. What to expect from
Inflation Is in Focus Again
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
