The Bank of Canada unexpectedly raised its benchmark interest rate by only 50 bps to 3.75 % while the markets expected a 75 bps increase to 4.00%.
Investors will focus now on BoC Governor comments during the press conference regarding the economic outlook, inflation and fiscal policy.
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉
There is no good scenario for the euro today
Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨