Will the last ECB meeting with Mario Draghi be crucial for the EUR?
The European Central Bank will release its monetary policy statement and announce an official rate at 14:45 MT on October 24.
Will the Bank of Canada support the CAD?
The Bank of Canada will publish its monetary policy statement and make the rate announcement on May 29, at 17:00 MT.
The central bank won’t make changes to the current interest rate, which is set at 1.75%. However, the BOC governor Stephen Poloz may throw some hints on the possible changes to the current monetary policy. Last time, Mr. Poloz was more positive about the economic outlook of the country, than during the previous meetings. His tone supported the loonie. If he provides any hawkish hints this time, the CAD will rise.
• If the BOC is hawkish, the CAD will go up;
• If the CAD is dovish, the CAD will go down.
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The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
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Will the last ECB meeting with Mario Draghi be crucial for the EUR?
The European Central Bank will release its monetary policy statement and announce an official rate at 14:45 MT on October 24.
Market updates on October 22
The opportunities for the CAD and the GBP for the second day in a row
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