{"id":44749,"date":"2021-04-21T22:40:59","date_gmt":"2021-04-21T18:40:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=44749"},"modified":"2021-04-21T22:41:02","modified_gmt":"2021-04-21T18:41:02","slug":"dollar-declines-following-canadas-policy-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dollar-declines-following-canadas-policy-decision\/04\/21\/market-updates\/","title":{"rendered":"Dollar Declines Following Canada\u2019s Policy Decision"},"content":{"rendered":"\n<p>The U.S. Dollar (USD) switched to losses on Wednesday, after rising earlier in the session against its peers, after the Bank of Canada (BoC) signaled a sooner than previously expected rate hike.<\/p>\n\n\n\n<p>Although the BoC held its key rate unchanged at 0.25%, it now expects to raise interest rates by the second half of next year, compared with its previous estimate for 2023, as it views the recovery is accelerating.<\/p>\n\n\n\n<p>The Dollar Index (DXY), which measures the greenback\u2019s performance against a basket of half a dozen of international currencies, is down by 0.08% at 91.17, after rising earlier as high as 91.43, before falling to a daily low of 91.09, noting that it closed Tuesday at 91.24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Dollar (USD) switched to losses on Wednesday, after rising earlier in the session against its peers, after the Bank of Canada (BoC) signaled a sooner than previously expected rate hike. Although the BoC held its key rate unchanged at 0.25%, it now expects to raise interest rates by the second half of next &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6934,6871],"class_list":["post-44749","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dxy","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=44749"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44749\/revisions"}],"predecessor-version":[{"id":44750,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44749\/revisions\/44750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31006"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=44749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}