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Interest rate on hold at 0.5%

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Canadian Dollar Highlights Interest rate on hold at 0.5%. Continued oil oversupply worries Sterling - Canadian Dollar (GBPCAD) FX Technical Analysis Last week saw a substantial move for the Canadian Dollar as they kept key interest rate on hold at 0.5%. The BoC said that risks to inflation remained roughly balanced, despite a renewed decline in oil prices and sluggish economic growth. They went on to say that they expect inflation to climb to 2% by early 2017, while core inflation would remain

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