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Market Insights Podcast - Big tech earnings, BoC hawkish hold, ECB preview

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss earnings from Microsoft and Alphabet, the Bank of Canada interest rate decision, PMIs, and Thursday's ECB meeting.

26-10-2023 05:13 GMT by Craig Erlam

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USD/CAD: BOC's hawkish hold provides little relief for loonie

Bank of Canada holds rates steady at 5.00% for a second straight meeting; keeps door open for future hikes Canadian dollar initially falls to a 7-month low against the greenback Easing war fears keep oil prices remain heavy but they are off session lows The Bank of Canada kept rates on hold at 5.00% for a second straight time. The bank upgraded their inflation forecast, which means they are maintaining a tightening bias going forward. The BOC statement noted that the council is “concerned that

25-10-2023 12:09 GMT by Edward Moya