Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Gold Shines on Oil Relief: Buy Dips at $4160, Targeting $4305 as Bullish EMAs Dominate 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Norway's Norges bank surprised markets today with a rate cut of 25 basis points, pushing Krone lower against almost all currencies. Krone is currently trading at against Dollar, down % for the day so far.
Norway's actions raised speculation that oil currencies likely to slide further as central banks would take actions to ease policy.
Speculation have risen particularly over Bank of Canada (BOC), which is scheduled to announce monetary policy decisions on 21st October.
Canadian Dollar has weakened to new 11 year low after Norges Bank introduced rate cut.
We have called for Canadian Dollar to reach 1.38 against Dollar and expect prices to reach there by December. Canadian Dollar is currently trading at 1.335 against Dollar, marginally up from today's low of 1.342.
