The PMI train continues to roll in US trading. The BOC decision is coming up

<p>The global PMIs have been rolling in throughout the day with the <a href="https://www.forexlive.com/news/france-january-flash-services-pmi-450-vs-460-expected-20240124/" target="_blank" rel="follow">French one</a> particularly weak and Europe showing signs of renewed softness. That hasn't deterred the euro bulls as EUR/USD has climbed 50 pips to 1.0903, erasing yesterday's decline.</p><p>That's on general USD softness after China's RRR cut and the US dollar side of the equation will stay in focus at 9:45 am ET with the release of the manufacturing and services PMIs from S&amp;P Global.</p><p>At he same time, the Bank of Canada decision will be released. The consensus is no chance from 5.00% but the market is pricing in a 15% chance of a surprise cut. Beyond the decision itself, eyes will be on the statement and the new Monetary Policy Report, which contains the latest forecasts.</p><p>For more, see the <a href="https://www.forexlive.com/EconomicCalendar" target="_blank" rel="follow">economic calendar</a>.</p>

This article was written by Adam Button at www.forexlive.com.