EUR – The single currency fell to a one-month low on Tuesday, pressured by concerns that rising tensions over Ukraine could prompt Russia to curb energy supplies to Europe.
CAD – The Canadian dollar strengthened on Tuesday, supported by strength in oil prices as WTI reclaimed $85 per barrel and as BoC rate hike bets continued to rise.
Commenting on this week’s BoC meeting, Reuters stated that “Canada’s central bank could raise interest rates at a policy announcement on Wednesday for the first time since October 2018, in an effort to tamp down inflation. Money markets see chances of a hike at about 65%.”
CAD – The Canadian dollar strengthened on Tuesday, supported by strength in oil prices as WTI reclaimed $85 per barrel and as BoC rate hike bets continued to rise.
Commenting on this week’s BoC meeting, Reuters stated that “Canada’s central bank could raise interest rates at a policy announcement on Wednesday for the first time since October 2018, in an effort to tamp down inflation. Money markets see chances of a hike at about 65%.”
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.