As expected, the Bank of Canada raised the benchmark interest rate by 25 basis points from 1.25% to 1.50%. The last rise had been in January, also 25 basis points. In this way, the rate is at the highest level since January 2009.
In the statement, the Canadian central bank said it expects the world economy to grow around 3.75% in 2018 and 3.5% in 2019, in line with the April monetary…Continue
The price of the Ethereum is stuck inside a side channel, although it has broken above the bearish trend line. The cryptocurrency has been flirting with the resistance zone around the $ 530 level since yesterday. However, it has retreated and lost more than 1% on the day, to find another support around $ 520.
Digital assets are struggling to achieve further consolidation after the recent…Continue
After a temporary correction seen the previous day, bulls resumed control on Thursday, pushing EUR / USD higher, in an attempt to test the 2017 high at 1.2092.
EUR/USD: FOMC minutes lead USD movement
Having found a solid support just ahead of the 1.2000 level on multiple occasions, the EUR / USD pair is extending its solid rebound above 1.2050, as a new sale of the generalized USD returns to the market before the macroeconomic publications of the United States. United. The US…Continue