US Dollar Weakens After FOMC Delays Tapering of QE

The US Dollar lost ground in the late New York session after the Federal Open Market Committee (FOMC) of the US Federal Reserve left rates on hold, but did not deliver the expected language on tapering the quantitative easing program that the markets had hoped for. Rather, the apex bank […]

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How Will the Bank of Canada (BoC) Decision Affect the USD/CAD?

[adrotate group=”3″] At 3 pm UTC, the Bank of Canada (BoC) will announce its interest rate decision. Markets expect the key interest rate to be left unchanged. USD/CAD traders would be looking out for is the bank’s pronouncement on the rising Canadian bond yields, against the backdrop of improved prospects […]

USDCAD bank of canada

USDCAD Remains Range-Bound As BoC Maintains 0.25% Interest Rate

[adrotate group=”3″] The USDCAD is in the middle of a choppy trading session as the Bank of Canada voted to leave the interest rates unchanged at 0.25%. This decision meets the market expectations, which did not foresee any further adjustment in interest rates.  Attention has now shifted to the Q2 […]