Loonie Rises Vs Most Majors Ahead Of BoC Decision
July 11 2018 - 5:58AM
RTTF2
The Bank of Canada is scheduled to release its interest rate
decision at 10:00 am ET Wednesday. The bank is expected to raise
rates by a quarter-point to 1.50 percent from 1.25 percent.
Ahead of the decision, the loonie traded mixed against its major
rivals. While the loonie dropped against the euro, it rose against
the rest of major rivals.
The loonie was worth 84.69 against the yen, 1.5424 against the
euro, 1.3134 against the greenback and 0.9722 against the aussie as
of 9:55 am ET.
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