RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
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.
