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Flash: CAD remains on weak footing in build up to BoC - BTMU

FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that CAD remains on weak footing in the build up to the BoC meet.

He writes, “The Canadian dollar remains on a weaker footing heading into today’s BoC monetary policy meeting with USD/CAD rising to its highest level since early June 2012. It will be last meeting under Governor Carney’s leadership who is not expected to drop the BoC’s tightening bias.”

Flash: BOJ to increase the frequency of JGB purchases- Nomura

Nomura strategist Yujiro Goto notes that the BOJ held a meeting with JGB investors today, and an official said traders want the Bank to conduct outright JGB buying operations (rinban operations) more frequently, according to Bloomberg.
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BoC maintains interest rate at 1%, as expected

As widely expected, the Bank of Canada decided to keep its overnight rate unchanged at 1% in May. It emphasized that growth as well as inflation were in line with projections and that a slow economic recovery was in progress.
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