XE Market Analysis: Canadian Dollar Rallies As Central Bank Keeps Rates On Hold

OVERVIEW Markets are in a typically quiet trading session ahead of the minutes from the Federal Reserve’s last meeting. Moodyís downgraded Chinaís debt rating, citing rising debt levels; the outlook was revised to negative as well. Existing home sales in the US fell more than expected last month, but remained close to their highest levels in a decade. Swedish consumer confidence strengthened more than expected in May, rising from 103.4 to 105.9

Source: XE news feed
XE Market Analysis: Canadian Dollar Rallies As Central Bank Keeps Rates On Hold