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The Euro rose above 1.08 level and hit the highest in four months on Thursday after ECB’s widely expected decision to cut interest rates by 25 bp to 2.5%, in its sixth rate cut since June. The central bank stated that monetary policy is becoming meaningfully less restrictive and left the door open for further […]

The post EURUSD Continues to Trend Higher, on Track for the Biggest Weekly Gain in Five Years appeared first on Action Forex.

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07/03/2024

BoC Holds Rates Steady in March With Dovish Lean

The Bank of Canada held the overnight rate unchanged for a fifth consecutive meeting, extending a pause that started after the last hike in July last year. Softer inflation data in January made sure that no hiking bias (dropped in January) would reappear. BoC’s key messaging remains that we’re on the right path to target […]
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Big Week for Central Banks

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