Markets Recover, BOC in Focus

 

The US dollar holds onto gains after falling for the past few days. Markets also recovered but concerns about the spread of coronavirus in emerging markets were weighing on sentiment. America’s improving situation is supporting Wednesday’s recovery. 

The UK CPI came out at 0.7%, marginally below estimates. Producer prices surprised to the upside. Aussie also beat CPI estimates. 

The focus shifts to the BOC decision. The Bank of Canada is set to leave its interest rate unchanged at 0.25% and is set to publish new economic forecasts. Governor Tiff Macklem will hold a press conference.


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Post categories

 

Symbol Bid Ask Spread
EURUSD 1.21665 1.21684 1.9
GBPUSD 1.40003 1.40024 2.1
USDCAD 1.21447 1.21469 2.2
USDJPY 108.593 108.613 2
USDCHF 0.90070 0.90092 2.2
AUDUSD 0.78493 0.78512 1.9
NZDUSD 0.72836 0.72859 2.3
EURGBP 0.86895 0.86914 1.9
EURCHF 1.09597 1.09618 2.1
EURJPY 132.131 132.149 1.8
AUDJPY 85.245 85.267 2.2
GBPJPY 152.048 152.071 2.3
USDSGD 1.32394 1.32418 2.4
XAUUSD 1831.79 1832.05 26
XAGUSD 27.436 27.464 2.8

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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