Today Bank of Canada announced it will keep its overnight interest rate unchanged at 1%. USD/CAD is currently traded down. This decision was made as the Canadian inflation pressures are subsiding; during July the Canadian inflation rate reached an annual…
Tag: Interest rate decision
US initial claims rose last week
The U.S. jobless claims continued to rise during last week, according to recent report published yesterday; as the initial claims increased by 43,000 for the week ending on April 30th, and it reached 431,000 claims; the insured unemployment rate rose…
The EURO/USD drops as ECB left interest rate unchanged
Despite the expectations that the European Central Bank will raise its interest rate, eventually the Interest rate of ECB remained unchanged at 1.25%. The financial markets reacted very promptly to the news and EURO/USD fell very rapidly. Furthermore, major commodities,…