The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was still too early to consider a cut, given the persistence of underlying inflation.
BUENOS AIRES (Reuters) – Argentina’s peso on the parallel informal market strengthened more than 1.5% against the U.S. dollar on Wednesday, breaking back below the 1,000 per dollar mark and reaching its strongest level since the end of December.
Gold rallied to a fresh record on Wednesday, building on stellar momentum driven mostly by bets for U.S. monetary easing, while autocatalyst palladium popped back above the $1,000 mark for the first time since Jan. 12.
The premier cryptocurrency is currently up 2% on Wednesday after a more than 6% decline on Tuesday. Bitcoin touched a new all-time on Tuesday after surging above the $69,000 threshold before seeing a sharp correction. As of 07:50 am ET today, BTCUSD is trading close to the $65,500 mark
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