Canada BoC Interest Rate Decision below forecasts (0.75%): Actual (0.5%)

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USD/CHF on track to test July highs boosted by Yellen

USD/CHF was moving with a bullish bias amid a weak Swiss franc in the market and then accelerated to the upside boosted by Janet Yellen presentation. She reiterated that rates are likely to raise during the current year.
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BoC cuts main interest rate to 0.5%

The Bank of Canada today announced that it is cutting its target for the overnight rate by 25 bps to 0.50% citing a deeper-than-expected impact of the decline in oil prices and weaker-than-expected non-energy exports.
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