United States EIA Crude Oil Stocks Change registered at 0.515M above expectations (0.4M) in April 11

Apr 16, 2025

USD/CAD slumps further as BoC leaves interest rates steady at 2.75%

The USD/CAD pair extends its downside below 1.3900 during North American trading hours on Wednesday. The Loonie pair weakens further as the Bank of Canada (BoC) leaves its borrowing rates at 2.75%, as expected.

GBP/USD rises as UK inflation cools, BoE rate cut bets increase

The British Pound advanced during the North American session, posting soft gains of 0.14% against the Greenback as inflation slowed to its weakest level in three months. This adds to pressure on the Bank of England to reduce interest rates.