Today there will be a number of macroeconomic indicators, both from the eurozone, from Britain, and from the United States. In Canada, in addition to the publication of the report on monetary policy, there will be a speech by the Bank of Canada's governor Stephen Poloz. The Canadian dollar is currently approaching a 2-month low against the reserve currency. Analysts predict that the Bank of Canada will raise interest rates this year, however, they are inclined to believe that this will happen only in December.
Support for the dollar was also brought by a good performance of activity in the manufacturing sector and the service sector, which showed a stronger increase than expected. Furthermore, most of the senators during a business lunch supported the candidacy of Stanford University economist John Taylor to the post of head of the Federal Reserve. This candidate is considered a supporter of tighter monetary policy.
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