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Will the Bank of Canada Pull the Trigger? (News: 10/07/17)

Today's press

  • To date, rising interest rates continue to overshadow geopolitical developments and it’s the Bank of Canada (BoC) turn this week to practice what G7 Central Banks have been preaching of late.

  • Sterling steadied on Monday after a batch of very poor monthly output readings drove it to its worst week in a month, casting doubt on the Bank of England's surprise warnings that it is on the verge of raising borrowing costs.

  • - The yen weakened against its main counterparts on Monday as the diverging monetary policy outlook between the Bank of Japan and central banks in Europe and the U.S. pressured the currency lower.

  • Global currency revaluation is a divisive topic, writes FXTM’s Emma Davidson. It has been covered extensively by experts purporting it will never happen, and others who decry that it is inevitable. So, which camp has it right?

  • Saudi Aramco, which plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said.

Next trading day's important events

Forex quotes:

  • USDJPY: 114.21
  • EURUSD: 1.1389


  • S&P 500: 2424.64
  • NASDAQ: 6151.47


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