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RBA rate hike reverberates in a quiet economic calendar

The lone notable items on the North American economic calendar today are:Canadian building permits at 8:30 am ETCanadian Ivey PMI at 10 am ETNew Zealand GDT Price Index at approx 9:45 am ETNone of those are market movers so instead the market will be digesting the surprise RBA rate hike and what it means for the Bank of Canada tomorrow and the FOMC next week. At present, the market is pricing in a 48% chance of BOC hike, up from 40% last week. This article was written by Adam Bu... Read More

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Content Topics

Rate

Hike

Reverberates

Quiet

Economic

Calendar

Forex

Posted: Jun 6 2023, 12:13

Author Name: forexlive

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