Canadian dollar steadies near 12-week low at 1.4175 per US dollar
The loonie held nearly unchanged at 1.4175 per US dollar after trading at 1.4201, as Canadian GDP matched expectations and the US dollar showed broad-based gains before pulling back.
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Traders trim bets on October Fed rate hike after Williams remarks
Financial markets trimmed bets on a Federal Reserve interest-rate hike next month after New York Fed chief John Williams said he sees "no urgency" for further action after US central bank's policy rate increase earlier this month.Traders now see about a 50-50 chance of quarter-point rate hike at th…
Fed's Williams sees no urgency for next Fed rate hike
By Michael S. DerbyFederal Reserve Bank of New York President John Williams said on Tuesday the U.S. central bank has time to weigh the data before deciding when to hike interest rates again, in remarks that said one more increase is likely before the year ends.“With the policy action we took at ou…