BOC refrains from taper talk, bitcoin eyes record highs - Ma

BOC refrains from taper talk, bitcoin eyes record highs - MarketPulse


BOC refrains from taper talk, bitcoin eyes record highs
March 10, 2021SharePrint
Canadian dollar dips as BoC dovish
The dollar declined after a tame inflation report kept Treasury yields stable.  Runaway inflation concerns will have to wait till next month and that appears good enough to keep demand flowing out of the dollar.
Euro-dollar might start to remain trapped in a tight range as currency traders await tomorrow’s ECB decision.  The eurozone is struggling significantly when compared to the US on both fiscal stimulus and on COVID vaccines.  The ECB could easily justify providing some tweaks to their stimulus measures and that could weigh somewhat on the euro.

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