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Bank of Canada Holds Rates Steady

Today's press

Bank of Canada Holds Rates Steady as Trade Conflicts Weigh on Global Demand

Investing.com - The Bank of Canada held interest rates steady as expected on Wednesday over concerns that trade disputes may be dampening the global economy.

Pound rises against dollar and euro as chances of UK remaining in EU increase

The pound rose against the dollar and the euro on Wednesday as traders priced in an increased chance of the UK staying in the EU following a disastrous day for the prime minister.

No-deal Brexit fears prompt UK economy to flatline

The risk of no-deal Brexit caused the British economy to almost flatline last month as service sector firms reined in business activity to the weakest level since immediately after the EU referendum two years ago.

Dollar down on U.S. recession fears

LONDON (Reuters) - The dollar came under renewed pressure on Wednesday as an inversion in part of the Treasury yield curve caused concern about a possible U.S. recession.

EU pushes for broader global use of euro to challenge dollar

BRUSSELS (Reuters) - The European Commission published on Wednesday non-binding proposals to boost the role of the euro in international payments and its use as a reserve currency to challenge the dominance of the dollar.

Bitcoin Price On Track for Biggest Yearly Loss on Record

Bitcoin’s (BTC) recent drop to 14-month lows has left the cryptocurrency on track for its biggest ever yearly loss.

Next trading day's important events

16:50 (GMT 3)  CA - BoC Governor Poloz Speech

n/a (GMT 3)  US - Fed's Powell Speech

Forex quotes:

USDJPY: 113.21

EURUSD: 113.21

Indices:

S&P 500: 2700.06

NASDAQ: 7158.43

 


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