Sri Lanka Central Bank Surprises Markets With 100 Basis Point Rate Hike Amid Inflation and Currency Pressure 
Croatia Weighs Ante Zigman for Central Bank Governor Role in Key ECB Transition 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Fed’s Anna Paulson Signals Rates Could Stay Higher Longer Amid Inflation Risks 
ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 
ECB Signals Possible Rate Hike as Iran Conflict Fuels Inflation Concerns 
In the start of the New Year, Canadian dollar touched new multi year low against US dollar.
- Currently pair is supported above 1.4200 levels and trading at 1.4233 levels.
- Likewise Canadian dollar, UK pound also depreciated and supported just above 1.4500 handle. Pair is currently trading at 1.4528 levels.
- However, the empty macro calendar in China offered some relief, and stock markets extended their slide at a slower pace, while the energy sector led the bearish run.
- According to the latest data, crude oil sank to the fresh twelve-year low at $31.07 per barrel amid a supply glut and weaker demand from slowing China.
- Later today, the Bank of Japan Governor will speak in Paris in a panel discussion called Monetary Policy, Financial Stability and the Zero Lower Bound, along with the Bank of England Governor Mark Carney. It will give further directions to the respective pair.
