Wednesday, 12 April 2023

Bank of Canada Holds Rates Steady & Sticks to Data Dependency, USD/CAD Slides

At the conclusion of its April monetary policy meeting, the Bank of Canada decided to maintain its policy rate at 4.50%, with a commitment to remain data dependent.

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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...