- USD/CAD is declining towards 1.3450 as the market mood is upbeat ahead of US inflation.
- BoC Macklem is expected to keep rates steady at 4.5% as Canada’s inflation is softening consistently.
- Fed policymakers are cautioning for considering more rate hikes ahead.
The USD/CAD pair is expected to see more weakness to near 1.3450 amid a cheerful market mood. Investors seem calm before the storm of United States inflation data as the Federal Reserve’s (Fed) terminal rate is around the corner. The Loonie asset is expected to remain in action as the Bank of Canada (BoC) will announce the interest rate decision ahead.
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