Canadian dollar falls ahead of Fed decision

Economies.com
2021-12-14 17:28PM UTC

The Canadian dollar fell against currencies on Tuesday, amid concerns over the Omicron variant, while global markets await the US Federal Reserve's decision.

 

UK health authorities announced the first death in Britain from the new Covid 19 variant Omicron, and Prime Minister Boris Johnson warned from a new wave of infections.

 

A study by the University of Oxford revealed that two shots of the current coronavirus vaccines won't be enough to prevent Omicron infection. 

 

The Federal Reserve’s meeting will kick off later today, and the decisions to be revealed tomorrow.

 

The Fed is expected to hold interest rates unchanged at 0.25%, and to cut the bonds purchases program much earlier than expected.

 

As of 17:26 GMT, CAD/USD fell 0.3% to 0.7781, after hitting an intraday high of 0.7815 and a low of 0.7775.

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