OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: BoC to keep rates but sound dovish – TD Securities

It's widely expected that the BoC keeps the overnight rate unchanged at 1.00% before heading to the press conference room: “We expect the Bank will express disappointment that both economic growth and core inflation through the end of 2012 fell short of the forecasts presented in the January Monetary Policy Report”, wrote TD Securities analysts, expecting the Bank to also reiterate its view that economic activity should recover over the balance of the year and into 2014. TD Securities analysts see scope for softer language, “but the Bank will likely stop short of reverting to a neutral forward-looking statement”.

EU 4Q Gross Domestic Product s.a. (QoQ): -0.6%; -0.9% (YoY)

Read more Previous

Forex: USD/CHF surges to 0.9449/51 after GDP data in the EMU

The USD/CHF has moved higher Wednesday during European trading, establishing fresh highs at 0.9449/51 on the heels of economic data out of the EMU. The pair seems to be one of today’s top performers, securing a steadfast gain of +0.42% thus far.
Read more Next
Start livechat