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Bank of Canada leaves benchmark rate intact at 5%

April 10, 2024 2:00 pm
The Bank of Canada left its target for the overnight rate intact at 5% at its April meeting, in line with market expectations. The central bank pledged to keep reducing its balance sheet, as policy makers again underscored upside risks to inflation. The BoC said that while price pressures had eased across a range of […] Read more

EUR/CAD steadies ahead of BoC, ECB rate decisions

April 10, 2024 10:03 am
The EUR/CAD currency pair traded with slight change on Wednesday amid caution ahead of the outcome of the Bank of Canada’s and the European Central Bank’s April policy meetings. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit facility rate […] Read more

EUR/USD mostly flat with US CPI data, ECB meeting in sight

April 10, 2024 8:09 am
The EUR/USD currency pair remained stuck in a tight trading range on Wednesday as market players awaited the outcome of the ECB’s April policy meeting and fresh US CPI data prints. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit […] Read more

NZD/USD rises to 3-week high as RBNZ holds rates, US CPI eyed

April 10, 2024 7:20 am
The NZD/USD currency pair held in proximity to a fresh three-week high on Wednesday, after the Reserve Bank of New Zealand left borrowing costs without change at its April policy meeting, while investors awaited the key US CPI inflation report later in the day. New Zealand’s central bank kept its official cash rate unchanged at […] Read more

USD/ZAR slips to 14-week low with CPI, Fed minutes in focus

April 9, 2024 9:16 am
The USD/ZAR currency pair hovered just above a fresh 14-week low on Tuesday as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released […] Read more

USD/CAD confined in tight range ahead of CPI, Fed minutes

April 9, 2024 7:47 am
The USD/CAD currency pair traded within a narrow range on Tuesday as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released on Wednesday. […] Read more

NZD/CAD trades near 3-week high ahead of cenbank meetings

April 9, 2024 6:55 am
The NZD/CAD currency pair traded in proximity to a fresh three-week high on Tuesday as investors awaited the outcome of the Reserve Bank of New Zealand’s and the Bank of Canada’s policy meetings tomorrow. The Reserve Bank of New Zealand is largely expected to keep its official cash rate unchanged at 5.5% for a sixth […] Read more

Australia’s Feb trade surplus smallest since last September

April 5, 2024 9:11 am
Australia’s trade surplus has shrunk to AUD 7.28 billion in February from a revised down AUD 10.06 billion surplus in January, data by the Australian Bureau of Statistics showed. It has been the nation’s smallest trade surplus since September 2023. In comparison, market consensus had pointed to a surplus of AUD 10.4 billion. Total exports […] Read more

Reserve Bank of India leaves policy rate on hold as expected

April 5, 2024 7:27 am
The Reserve Bank of India left its key repo rate at 6.5% for the seventh straight policy meeting in April, in line with market expectations. The RBI decision came amid persistent price pressures. India’s annual inflation rate was reported at 5.09% in February, little changed from January’s level, while remaining within the central bank’s 2%-6% […] Read more

Euro Area’s private sector returns to growth in March

April 4, 2024 9:06 am
Euro Area’s private sector has returned to growth for the first time since May 2023 in March. The HCOB Eurozone Composite Purchasing Managers’ Index was revised up to 50.3 last month from a preliminary reading of 49.9 and improving from February’s level of 49.2. The bloc’s manufacturing sector activity still remained in contraction territory, with […] Read more