Loonie Retreats Vs Most Majors Ahead Of BoE Decision
May 24 2017 - 4:55AM
RTTF2
The Bank of Canada announces its decision on interest rate at
10:00 am ET Wednesday. Economists expect the bank to keep benchmark
rate on hold at 0.50 percent.
Ahead of the decision, the loonie traded mixed against its major
counterparts. While the loonie held steady against the yen, it
retreated from early highs against the rest of major rivals.
The loonie was worth 1.5127 against the euro, 82.81 against the
yen, 1.0103 against the aussie and 1.3517 against the greenback as
of 9:55 am ET.
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