USD/CAD holds above the 1.3700 area, investors await the BoC rate decision

The USD/CAD pair trades sideways around 1.3715 during the early Asian session on Monday. Investors await the Bank of Canada (BoC) Interest Rate Decisi

USD/CAD remains flat around 1.3715 in the Asian session on Monday. Bank of Canada is likely to hold the rate unchanged for the remainder of the year. Federal Reserve officials expressed a desire to hold rates unless inflation rises. Investors will closely monitor the Bank of Canada Interest Rate Decision on Wednesday. on on Wednesday, which is expected to hold the rate at 5.0%.

Atlanta Federal Reserve President Raphael Bostic said on Friday that he doesn't think that the US central bank will cut the rate before the middle of next year. Fed Philadelphia President Patrick Harker reiterated his preference to keep interest rates unchanged. While Fed Cleveland President Loretta Mester said the US central bank is "at or near the peak of the rate hike cycle. Traders will monitor the US S&P Global PMI on Tuesday.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

FXStreetNews /  🏆 14. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

ECB and BoC policy decisions and global PMIs headline the week's economic agendaECB and BoC policy decisions and global PMIs headline the week's economic agenda
Weiterlesen »

Weekly forex analysis: EUR/USD, GBP/USD, AUD/USD and more [Video]Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY / Gold (XAU/USD) , Bitcoin (BTC/USD) , S&P500 , Cru
Weiterlesen »

Markets Week Ahead: S&P 500, Gold, US Dollar; Powell, ECB, BoC, Australia CPI, Germany Ifo, UK jobsConflict in Middle East and US earnings season are likely to be key drivers of broader market sentiment in the coming week. Currency markets would be watching for cues from Powell speech, European Central Bank and Bank of Canada interest rate decisions.
Weiterlesen »

Wisconsin Dems’ big wins for the rule of law might be an inflection pointSuccess in defending the sanctity of elections holds promise for other states.
Weiterlesen »

Venezuelans in Primary Cast Ballots for Candidate to Challenge Maduro RegimeLongtime regime adversary Maria Corina Machado holds commanding lead in polls
Weiterlesen »

Biden holds call with key Western allies, Pope to discuss Israel-Hamas warU.S. President Joe Biden on Sunday ramped up his engagement with the ongoing war between Israel and the Palestinian Islamist group Hamas, convening a call with the leaders of Canada, France, Britain, Germany and Italy, after speaking with Prime Minister Benjamin Netanyahu of Israel.
Weiterlesen »