Upside hopes for the GBP?
The British monthly GDP is announced on Friday at 09:00 MT time.
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.
Similar
Will the USD grow with the US labor market?
The US unemployment claims are out on Thursday at 15:30 MT time.
Will the US CPI boost the USD?
The American CPI is announced on Wednesday at 15:30 MT time.
Latest news
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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