Forex Today: Sentiment leads the way : vimarsana.com

Forex Today: Sentiment leads the way


Apr 21, 2021 21:57 GMTFXStreet News
What you need to know on Thursday, April 22:
Currencies moved according to stocks and sentiment, amid quite a
scarce macroeconomic calendar. The dollar came under selling pressure in the last trading session of the day, with major pairs seesawing between gains and losses to finish the day within familiar levels.  
The EUR/USD pair briefly pierced the 1.2000 level but ended the day unchanged around 1.2030. GBP/USD had similar behaviour, falling to a fresh weekly low before trimming intraday gains.
The Canadian dollar soared after the
Bank of Canada decided to leave its key rate unchanged at 0.25%, while cut the weekly net purchases of the government of Canada bonds to a target of C$3 billion from C$4 billion. The policy statement noted that the “adjustment to the amount of incremental stimulus being added each week reflects the progress made in the economic recovery.”  USDCAD settled just below 1.2500 after bottoming at 1.2459

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