Monday, 15 June 2020

USD/CAD Rebound Unravels as Fed Prepares to Purchase Corporate Bonds

USD/CAD pulls back from the weekly high (1.3686) as the Fed announces that the Secondary Market Corporate Credit Facility (SMCCF) will “create a corporate bond portfolio.”

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...