Forex
globalreutersSeptember 5, 20241 Mins read
CAD/JPY weakens for third straight day after BoC cuts interest rates, weakness in Oil
globalreutersSeptember 5, 20241 Mins read CAD/JPY trades a quarter of a percent lower in the 106.10s on Thursday, as the Canadian Dollar (CAD) weakens from a combination of falling Oil prices – crude is the country’s largest export – and expectations the Bank of Canada (BoC) will continue cutting interest rates after a 0.25% reduction at its September meeting.
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This article was written by Greg Michalowski at www.forexlive.com.
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