Forexlive Americas FX news wrap: USD moves higher as yields, Fed taper sends the greenback higher 0 (0)

Forex news for North American trading on September 24, 2021
The CAD and the USD is ending the day as the strongest of the major currencies as the flow of funds into the CAD were by higher oil prices, and the US dollar continues to be supported by higher yields and perhaps a little flight to safety

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Bank of England responds to rising inflation 0 (0)

Central bank rundown part two 
There was no change to interest rates and the split was 7-2 in favour of not altering the current target of £875 billion in bond purchases. Saunders and Ramsden were the dissenters as would be pretty much expected from their more hawkish stances. During the August BoE meeting the bank was

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The House will vote on infrastructure bill on Monday and it will be contentious 0 (0)

House majority leaders says the vote will take place
CNN’s Manu Raju that:
reports
Pelosi hinted that she doesn’t have the votes to pass it earlier today. Left-leaning Democrats don’t want to agree to this until there’s an agreement on a larger reconciliation bill. It’s tough to guess who backs down here but there could be

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Latest polls continue to pin German conservatives behind ahead of election weekend 0 (0)

German election to take place on Sunday, 26 September
Meanwhile, the Ipsos and FSG Wahlen polls earlier show that the gap is narrowing a touch but the CDU/CSU are still on the backfoot and it will be a challenge for them to come out on top this coming Sunday.

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Risk keeps on the softer side so far on the day 0 (0)

European equities modestly lower, US futures also down
All of this is keeping the dollar steadier overall with commodity currencies the laggards still on the day. AUD/USD is down 0.4% to 0.7265 and near the lows currently, but the pair continues to hold in between its key hourly moving averages of 0.7259-84.

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