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Loonie Trades in a Rollercoaster Manner after BoC and Tariff Developments; ECB and BoJ Under the Spotlight

JFD

The Loonie traded in a rollercoaster manner following the BoC rate decision and several tariff-related headlines. Now, the ECB and the BoJ take their turn. No policy changes are expected from these Banks, so focus will be on any signals regarding future policy moves.

BoC Appears Concerned Over Trade; Headlines Suggest that Canada Could be Exempted from Tariffs

The US dollar traded mixed against the other G10 currencies on Wednesday. It gained the most against CHF, JPY and NOK, while it underperformed against CAD and AUD. The greenback traded little changed against EUR, GBP and NZD.


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Source: https://www.jfdbrokers.com/en/research-education/jfd-research/daily-market-report/6-daily-market-report/13851-loonie-trades-in-a-rollercoaster-manner-after-boc-and-tariff-developments-ecb-and-boj-under-the-spotlight.html
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