Pound dropped as Boris Johnson’s health got worse
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
Will the Bank of Canada hold the rate?
The Bank of Canada’s release of the interest rate is at 17:00 MT time on December 4.
The Bank of Canada announced a steady rate of 1.75% in the October session. Being the highest level since December 2008, it was considered appropriate for the current state of the economy. However, the governor Mr. Poloz said that the bank would be “mindful that the resilience of Canada’s economy will be tested” within the context of the global economic slowdown and the US-China trade conflict. The latter has shown certain advancements recently. Nevertheless, the uncertainty is still in place and the Canadian domestics indicators give mixed results on the economy’s status. We will see on Wednesday how optimistic the monetary policy makers are.
- If the BOC is hawkish, the CAD will rise;
- If the BOC is dovish, the CAD will fall.
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Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
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Covid-19 is jeopardizing Apple’s plans
There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
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