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Bank of Canada Leaves Rates Steady; Looks for Hike Sooner than Expected
April 13, 2011Loonie stymied in forex trading The Bank of Canada announced that it would keep its benchmark interest rate steady at 1%. The news has the loonie lower in forex trading against the greenback. The decision was expected, but that didn’t help forex traders feel better about it. However, the outlook for the Canadian economy is [...]
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Fed Mulls Options for Next Week’s Meeting
August 5, 2010Next week, the Open Market Committee (OMC) of the Federal Reserve Bank will hold its monthly meeting. Even without checking futures prices, it’s obvious that the probability of an interest rate hike is nil. [In fact, the odds of a rate hike in November have already converged to 0%]. Why, then, are investors keenly awaiting [...]
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Forex: AUD/NZD breaks higher, sets 3-week high
July 29, 2010FXstreet.com (Córdoba) – AUD/NZD managed to break above the 1.2340/50 area that been capping the upside for the pair the last 3 weeks. The pair jumped over 100 pips after the RBNZ announced a rate hike by 25bps as expectation is now that they won’t hike for another few months. The pair continued heading higher [...]
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Fed Rate Hike Still Distant
March 31, 2010Analysts and Fed-watchers have been speculating for almost half a year about the possibility of a Federal Funds Rate (FFR) hike. With each prognostication of a rate hike comes a flurry of market activity, followed by an invariable ebb, as investors accept that the Fed will hold the FFR at 0% until at least its [...]
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Dollar surges as Fed boosts interest rate
February 19, 2010The Fed made a move Thursday (February 18) to boost the emergency loan rate that it charges banks from .50 per cent to .75 per cent. While the Central Bank says the hike in its ‘