Turkey Consumer Confidence: 77.15 (November) vs 62.78
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Nov 20, 2015
USDCAD to depreciate slightly to 1.34 levels - Nomura
Charles St-Arnaud, Research Analyst at Nomura, suggests that with oil prices remaining low and the rate differential turning in favour of USD, we think USD/CAD is likely to depreciate slightly going into the end of the year, reaching a level of 1.34.
PBoC cut borrowing costs to support slowing economy
In an attempt to tackle a flagging economy, the People's Bank of China today cut interest rates for loans made under the standing lending facility (SLF). The PBoC decided to cut the overnight SLF lending rate to 2.75% and the seven-day rate to 3.25% as. The objective is to inject cash into the banking system to support the slowing economy. The SLF was launched in 2013 to supplement other monetary policy tools such as open market operations.