The Bank of Canada released the July issue of its Monetary Policy Report today. The Bank’s expectation for Canadian economic growth was almost identical to the April Report the only change being a marginal 0.1 percentage point downgrade to real GDP growth in 2011, reflecting a weaker-than-anticipated second quarter. Little Read More Bank of Canada [...]
Posted in FX News | Tagged bank, but, canada, cites, hurry, in, inflationary, interest, is, no, of, pressures, raise, rates, stronger, to
Adam Posen, a member of the MPC, has indicated he is in no rush to vote for a rise in interest rates. Read More Bank of Englands Adam Posen plays down fear of inflationary spiral
Posted in FX News | Tagged adam, bank, down, englands, fear, inflationary, of, plays, posen, spiral
The American economy is due to release a number of reports today which may have a moderately heavy impact on today’s trading. The Personal Spending and Personal Income reports due at 13:30 GMT will carry a level of significance in today’s market, 8 Vote(s) Read More US Inflationary Figures may Push USD Bearish
Posted in FX News | Tagged bearish, figures, inflationary, may, push, us, usd
