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U.K. jobless rate rises to 4.8 pct in Q3 2020, labor market likely to deteriorate further in months ahead

Australian economic growth recovers strongly in Q3 2020

Reserve Bank of India likely to stand pat in December

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Gold steadies amid concerns over rising virus cases

Swedish economic sentiment indicator rises in November

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Gold prices ease as vaccine hopes offset worries about second coronavirus wave

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

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Danish headline inflation eases in October, likely to reach 0.8 pct in 2021

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. vehicle sales fall again in November

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

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USD/CAD could be in for a period of consolidation: BofA Merrill Lynch

Tuesday, February 17, 2015 5:39 PM UTC

Quotes from BofA Merrill Lynch:

- USD/CAD has stabilized recently alongside oil prices while CAD has retraced its recent significant overvaluation

- Low oil prices will likely make the BoC more aggressive contrasting with an increasingly confident Fed who could hike in June

- USD/CAD should consolidate near-term, consistent with our 3Q forecast of 1.23, but should move higher the balance of the year

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USD/CAD could be in for a period of consolidation: BofA Merrill Lynch

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