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Wednesday, July 12, 2017

[FOREX NEWS] BOC raises rates – Canadian dollar jumps

The Bank of Canada met expectations and raised rates from 0.50% to 0.75%. In the accompanying statement, the Ottawa based institution says that the current softer inflation is mostly due to temporary factors. This is a hawkish tone implying more hikes. USD/CAD is falling to a new low of 1.2874. The C$ is strong more [...]

The post BOC raises rates – Canadian dollar jumps appeared first on Forex Crunch.



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