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?
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
Job data for Canada: a relief or another disappointment?
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Will the Canadian dollar rise?
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
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