Weekly Cryptonews
Bitcoin could not resist the $10,924 level and fell below the 50-day SMA on Tuesday.
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
The CAD falls on the weaker-than-expected retail figures
The level of retail sales released today came out lower than the forecasts.
Market updates on July 19
Will Friday be more optimistic for the USD?
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