BoC Leaves Rates at 4.5%, Expects 3% CPI Soon; 2-Year US Treasury Yield Hits New 15-Year High; US Jobs Data Exceeds Expectations
At its monthly policy meeting yesterday, the Bank of Canada left its interest rate at 4.5% and stated that it expects inflation to continue to fallFollowing the meeting, the Canadian Dollar is trading lowerFed Chair Jerome Powell testified before the US House of Representatives yesterday about the Federal Reserve’s monetary policy. He was a little less hawkish than he had been the previous day in front of the Senate.
This may bring an opportunity to trend traders who can access this asset, whether through a CFD or through the relevant micro future. Some
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