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Forex - Canadian dollar lower as BoC rate review looms (News: 11/07/17)

Today's press

  • Investing.com - The Canadian dollar slid lower against its U.S. counterpart on Tuesday, retreating further from Friday’s 10-month highs as investors awaited the outcome of the upcoming Bank of Canada policy meeting on Wednesday.

  • The pound fell against the dollar, erasing an earlier advance, after a speech by Bank of England Deputy Governor Ben Broadbent offered no clues of his position amid a split between members of the Monetary Policy Committee.

  • The Central Bank of Nigeria (CBN) has injected $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with $254.3 million.The spokesperson of the apex bank, Mr. Isaac Okorafor, in a statement, said on Monday that CBN would continue to carry out its regular mediation in the market to keep the market liquid and guarantee the international value of the naira in line with its mandate.

  • BEIJING (Reuters) - China has no intention of devaluing its currency, the yuan, to boost its competitiveness, said the head of the country's foreign exchange regulator.

  • HAMBURG (Reuters) - The European Central Bank's monetary policy is not yet where Germany would like it to be, German Chancellor Angela Merkel said, after years of ultra-loose measures designed to keep the euro zone afloat.

Next trading day's important events

Forex quotes:

  • USDJPY: 114.37
  • EURUSD: 1.1401

Indices:

  • S&P 500: 2426.02
  • NASDAQ: 6188.84

 



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