Wednesday, 7 July 2021

Canadian Dollar Shrugs Off Strong Ivey PMI Data, USD/CAD Jumps as Oil Tanks

Economic activity accelerates in June in Canada and rises for the fifth consecutive month, but the PMI data fails to boost the Canadian dollar.

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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...