Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Will the Bank of Canada boost the Canadian dollar?
Bank of Canada will make its rate statement and announce the official rate on March 6 at 17:00 MT time.
We do not anticipate a change of the rate, but the bank of Canada may provide some supportive comments for the Canadian currency. During the previous meeting, the central bank kept its rate at 1.75% and the bank of Canada governor gave some dovish comments regarding the current economic conditions amid the falling oil prices. More hawkish outlook during the upcoming meeting will boost the Canadian dollar.
• If the Bank of Canada is hawkish, the CAD will rise;
• If the Bank of Canada is dovish, the CAD will fall.
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Market updates on October 17
The European Brexit Summit will gather the main attention today...
Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Latest news
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Will the situation change for the British pound?
The reports that the UK and the EU reached a deal pushed the GBP up immediately.
Market updates on October 17
The European Brexit Summit will gather the main attention today...
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