Bank of Canada cuts interest rates

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Bank of Canada has cut its base interest rate from 4.25% down to 3.75%. The central banker decision was already expected by the markets, as it was known beforehand to the public that a cut was incoming.

Due to this reason, the market reaction was muted, as the USD/CAD moved just 20 base points in the 30 minutes after the announcement.
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Fri, 25 Oct 2024 13:02:02 GMT

Canadian Retail Sales impact CAD

The publication of the Canadian Retail Sales data has caused an increase of volatility for the Canadian currency. The Canadian Dollar spiked up, before starting a decline. Market consensus forecast for the Canadian Retail Sales was that the sales would have increased by 0.5%, but actual released numbers showed growth of 0.4%. Meanwhile, the Core Retail Sales, that exclude

Fri, 18 Oct 2024 13:55:08 GMT

UK Retail Sales differ from forecasts

The market consensus forecast for the UK Retail Sales was that the sales would show a decline of -0.4% on a month-on-month basis. However, analysts were surprised that the data revealed an increase of 0.3%. The news caused a surge of the Pound against peer currencies. During the surge, the GBP/USD currency pair jumped 47 base points, or 0.36%.

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