Wilkins noted that the central bank will soon assess the need to maintain current monetary stimulus measures. The next meeting of the Bank of Canada on Monetary Policy will be held next month (July 12), and market participants interpreted this comment as a signal that the issue of raising rates in Canada will be discussed at this meeting.
Posted in: Market wraps,
Once again, there was no much change in the price action. The pair closed at 1.1206, after trading water all day. The market is awaiting Yellen’s comments and the results of the dot plot tomorrow. As the hike is certain, FED has lots of expectations to manage.
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