CAD/SEK confined in tight range with focus on BoC

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: July 29, 2025

The CAD/SEK currency pair remained stuck in narrow range on Tuesday, as investors braced for the outcome of the Bank of Canada’s policy meeting.

The BoC is expected to keep its benchmark interest rate intact at 2.75% at its July 30th policy meeting.

June’s decision has been the second hold after 225 basis points of rate cuts in seven consecutive meetings.

On the data front, Sweden’s economy grew 0.9% year-on-year in the second quarter of 2025, a flash estimate showed. It matched the rate of growth in Q1.

Quarter-on-quarter growth was 0.1% in Q2, after a 0.2% contraction in Q1.

The CAD/SEK currency pair was last down 0.02% on the day to trade at 7.0059.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Natural gas trading outlook: futures drop on mild weather, EIA report eyed Natural gas fell on Wednesday before government data likely shows tomorrow that US inventories rose last week, while weather forecasts continued to call for mild weather across most of the country well into the third week of April.Natural […]
Samsung hurt after JP Morgan estimates cut Samsung Electronics, the biggest rival of Apple in tech industry, suffered $12 billion in market value today hit by analysts downgrade on its profit estimates. JP Morgan Chase specialists cut forecasts as expecting tech giant to slow sales on […]
Forex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.3308-1.3394. The pair closed at 1.3349, shedding 0.17% on a daily basis. It has been the first drop in the past three trading days. The daily high has been the highest level since November […]
US existing home sales drop as home values reach record high Existing home sales in the United States decreased 0.7% from a month ago to a seasonally adjusted annualized rate of 4.11 million units in May.The latter has been the lowest level since January and compares with 4.14 million units in […]
Euro Area Manufacturing PMI revised up to 44.4 in December Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was reported at a final 44.4 in December, slightly exceeding the preliminary reading of 44.2.Still, the index continued to be in contraction territory, as output and job losses […]
Gold at three-week high following negative U.S. data and Bernanke remarks Gold hit a new three-week on Wednesday following the release of Ben Bernankes remarks prior to his testimony to Congress. Negative U.S. data also weighed on the dollar, supporting gold.On the Comex division of the New York Mercantile […]

Related News