Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Bank of Canada announces no changes to its interest rate, USD/CAD rises.
:red_circle: During today's meeting, the Bank of Canada kept its interest rate unchanged at 1.75%. At the same time, the bank commented that economic data comes in line with the projections. However, the market anticipated more hawkish tone. As a result, the Canadian dollar weakened. USD/CAD has tested last January's levels above the resistance zone at 1.3506. The next resistance lies at 1.3576. Bears need to pull the price below the 1.3506 level to the support at 1.3429 to confirm their strength.
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?
