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Canadian dollar falls to the lowest since March ahead of Macklem speech

Yesterday the Bank of Canada left rates unchanged at 5.00% but the market isn't sure they're done. The October meeting is priced at a 13% chance of a hike and that rises to about 30% for the Dec 6 meeting.The BOC statement maintained a hawkish bias, saying:The Governing Council remains concerned about the persistence of underlying inflationary pressures, and is prepared to increase the policy interest rate further if neededToday's speech is an 'economic progress report' which are the speeches... Read More

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Content Topics

Canadian

Dollar

Falls

Lowest

Since

March

Ahead

Macklem

Speech

Forex

Posted: Sep 7 2023, 17:51

Author Name: forexlive

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