• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Fed and Bank of Canada decisions dominate the day's monetary policy agenda

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

The session will be dominated by central bank decisions, with the main events scheduled for the second half of the day. The Bank of Canada will announce its monetary policy decision and publish its Monetary Policy Report; consensus expects a rate of 2.50%, versus 2.25% previously. Later, the Fed will announce its decision, with expectations of keeping the federal funds target range at 3.75–4.00%. US September trade balance, crude and gasoline inventories, and Alphabet and Microsoft earnings are also due.

In 35 seconds

  • The Bank of Canada decides rates and publishes its Monetary Policy Report; 2.50% expected versus 2.25% previously
  • Consensus expects the Fed to keep the federal funds range at 3.75–4.00%
  • Markets will watch the FOMC statement and press conference for signals on December
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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