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USD/CAD falls to a two-month low. What's next
The Canadian dollar is back.A month ago, the thinking was that the Federal Reserve would continue to hike to levels well-beyond the Bank of Canada's 4.50% overnight rate and that was followed by a crumbling of global growth sentiment on a bank run and oil falling to the lowest levels in a year.Since the bank run has stabilized but the market is increasingly confident that the Fed is nearly done hiking and OPEC swooped in to reverse the losses in oil. That's prompted a sharp turnaround in USD/CAD...
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Posted: Apr 13 2023, 19:43
Author Name: forexlive
Views: 082041
