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The Fed and the ECB monetary policy decisions are not the only Central Bank policy decisions due over the next couple of days. On Wednesday at 2.45pm GMT the Bank of Canada is widely expected to lower their OCR (Official Cash Rate) to 3% , from the current level of 3.25%. That is the consensus anyway, but of course whilst likely, it is not a done deal. Ahead of this the USD/CAD has traded a range so far this week covered by 1.4331 to 1.4416 and the high of that was seen earlier today. The wider range seen so far in 2025 has been covered by 1.4261 to 1.4516. The high seen this year was the highest since it topped out at 1.4668 back in March 2020. More recently the USD/CAD has been often caught up in the melee of the CAD/JPY and that was most definitely the case yesterday. So, if the Fed passes tomorrow evening after the BOC might cut, then we could conclude the current 2025 high (1.4516) might come back on the radar before the week is out. The USD/CAD is right now at 1.4402
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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