Latest canadiandollar currency exchange rates againstvariouscountries today #30October2023
#latestCanadiandollarcurrencyexchangeratestoday
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The Canadian dollar faced pressure due to developments in the US rather than the BoC’s monetary policy decision. The BoC left interest rates unchanged at 5.0% but lowered its Q3 GDP forecast. The market’s attention shifted to Wall Street stocks and rising Treasury yields. The Euro (EURUSD) was under pressure due to expectations of a dovish ECB monetary policy. GBPUSD was negatively impacted by technical factors and strong US dollar demand. USDJPY saw gains linked to rising US Treasury yields, and AUDUSD had mild support as Westpac Bank predicted an RBA rate hike next month.
Oct 30, 2023 06:05 UTC
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