The Bank of Canada (BoC) raised interest rates by 25 basis points on Wednesday for the second straight meeting. This brought the cost of borrowing to 5.0%, the highest level since 2002.
<p>The U.S. Dollar recorded a mixed performance in the week spanning January 8 to 12, weakening against the euro and the British Pound but gaining against the Australian Dollar and the Japanese
<p>On Monday, the EUR/JPY cross slightly advanced, near the 157.80 zone. Still, the pair could see further consolidation if the bull fails to reclaim the 20-day Simple Moving Average (SMA) at 15
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