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Here is what you need to know on Wednesday, October 23: The action in financial markets remain choppy early Wednesday following a relatively quiet Tuesday. The Bank of Canada (BoC) will announce monetary policy decisions later in the day. The US economic calendar will feature Existing Home Sales data for September and the Federal Reserve (Fed) will publish its Beige Book in the American session. Meanwhile, investors will keep a close eye on comments from major central bankers throughout the day. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.61% 0.49% 1.78% 0.05% 0.52% 0.55% 0.32% EUR -0.61%   -0.18% 1.10% -0.50% -0.12% -0.16% -0.37% GBP -0.49% 0.18%   1.29% -0.44% 0.04% 0.06% -0.22% JPY -1.78% -1.10% -1.29%   -1.72% -1.24% -1.17% -1.50% CAD -0.05% 0.50% 0.44% 1.72%   0.39% 0.56% 0.15% AUD -0.52% 0.12% -0.04% 1.24% -0.39%   0.10% -0.27% NZD -0.55% 0.16% -0.06% 1.17% -0.56% -0.10%   -0.28% CHF -0.32% 0.37% 0.22% 1.50% -0.15% 0.27% 0.28%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Following Monday’s rally, the US Dollar (USD) Index, which tracks the USD’s valuation against a basket of six major currencies, registered small gains on Tuesday. The index holds steady above 104.00 in the European morning on Wednesday. Wall Street’s main indexes closed…

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Filed under: News - @ October 23, 2024 6:22 am