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Canadian Dollar Ends Week Strongest amid BoC Hike Speculations
The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week.
Markets considered the comments of BoC Governor Stephen Poloz as a sign that the central bank is ready to raise interest rates. Solid employment data supported the case for monetary tightening. All those factors reinforced the view that the BoC will hike rates on July 12. As a result, the Canadian dollar was able to ignore the slump of crude oil, rallying during the week.
The US dollar was also strong, partly due to solid employment growth. Meanwhile, the Australian dollar was the among the weakest currencies as the Reserve Bank of Australia failed to join other central banks in switching its stance to more hawkish one. The weakest one, though, was the Japanese yen, driven down by emergency bond buying by the Bank of Japan.
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USD/CAD slid from 1.2967 to 1.2875 — the lowest weekly close since August. EUR/CAD declined from 1.4804 to 1.4673. CAD/JPY soared 2.3% from 86.39 to 88.42.
This post was originally published by EarnForex
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361 – 365 of 472 reviews Reddit NBA broadcasts might be effectively supplanted by live streaming on NBAbite. On our website, you may now watch free live NBA broadcasts. All of the team games will be available to you. It is now possible to watch NBA games on a tablet, laptop, or smartphone thanks to the advancement of modern technology. FootyBite is a live streaming platform which enables users to watch live soccer matches from across the world including some of the biggest leagues like the Premier League, La Liga, Bundesliga and many more via the internet. The live streaming services Footybite offer for many of the biggest football matches of the year are completely free to use but often have annoying features like pop-ups which try to make visitors pay for something or ads. More importantly, is it legal?
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Stay connected Everton showed in the reverse fixture at Anfield that they have the quality to win the derby. Even with a couple of disappointing results in recent weeks and Liverpool welcoming a few players back to training, the support of a Goodison crowd and a special night under the lights should push them on. We can expect a feisty affair as always in a Merseyside derby, but neither of these sides are on form. Everton and Liverpool have won just one of their last six combined games in the Women’s Super League. When is kick off? Friday 24 March, 19:30 (GMT)Where is the match being played? Goodison ParkTV channel/live stream? Sky Sports Main Event/Football (UK), Paramount+ (US), FA Player (International)What time does TV coverage start in the UK? 19:00 (GMT)Referee? Melissa Burgin
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