Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

New BoC Governor Poloz To Appear In House of Commons Thursday

ByThe National Bank of Canada
Published 06/04/2013, 05:14 AM
Updated 05/14/2017, 06:45 AM
NWSA
-
DRP
-

The Bank of Australia announced its key interest rate decision and, as expected, was maintained at 2.75%. However, the statement that accompanied this decision revealed that Australia’s officials still considered the AUD as overvalued, despite its 5.6% drop last month. The currency war is in full swing.

The ISM Manufacturing Index was released yesterday at 49, its lowest level in 4 years, just when it seemed the U.S. economy was emerging from a recession. Though this figure alone does not alter discussions to change the U.S. quantitative easing program, it will nonetheless weigh in the balance. U.S. employment data expected Friday should give us a clearer view of the country’s economic situation, and consequently, the quantitative easing program as well.

In economic news, U.S. Balance of Trade data is expected today. Economists believe that the spread between imports and exports grew in April and are forecasting this figure to be -41 billion.

No news is expected in Canada today, although main focus this week will be on Stephen Poloz, the new Bank of Canada governor. He is making an official appearance in the House of Commons on Thursday, the day before the country’s employment data is released. Wishing you a great day. Gardy Pharel.

Range of the day: 1.0260 - 1.0360

Economic Data

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.