EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
Will the Bank of Canada shake the loonie?
The bank of Canada will make its monetary policy statement and announce the official rate on April 24, at 17:00 MT time.
We anticipate the interest rate to remain unchanged at 1.75%. However, the Bank of Canada governor Stephen Poloz may throw some hints on the possible changes to the monetary policy of the bank in the future amid the global uncertainties. As the rumors about the possible rate cut keep circulating, it would be interesting to hear the opinion of the BOC governor. Moreover, his comments will likely affect the performance of the Canadian dollar.
• If the BOC is hawkish, the Canadian dollar will go up;
• If the BOC is dovish, the Canadian dollar will go down.
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The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
The US inflation: getting worse?
The US CPI and core CPI are due at 15:30 MT time on May 12.
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The key release for the AUD
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
Market news on May 26: S&P 500 passed 3000
Stocks, oil and GBP gain on risk-on sentiment
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