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via fxstreet.comEconomy

EUR/CAD holds gains ahead of Bank of Canada rate decision

FROM THE WIRE · FXSTREET.COM

EUR/CAD inches higher after six days of losses, trading around 1.5640 during European hours on Wednesday. The currency cross moved little ahead of the Bank of Canada’s (BoC) policy decision scheduled for later in the day, with financial markets largely pricing in a…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA central bank rate decision can move the CAD, with markets largely pricing a 25-basis-point hike.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01EUR/CAD inches higher after six days of losses, trading around 1.5640.
  2. 02The Bank of Canada announces its policy decision later in the day.
  3. 03Financial markets largely price in a 25-basis-point interest rate hike.

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