Market updates on August 22
News is what making the risk sentiment fragile today...
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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Oil updates and the FOMC minutes are on the agenda
Market updates on August 20
Pay attention to the news from the UK and Italy
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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