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The USDCAD moves lower after the rate decision

The USDCAD moves lower after the rate decision

The initial reaction to the Bank of Canada 50 basis point hike is for a move to the downside for the USDCAD.

The price moved from 1.3644 to a low of 1.3587 so far and is seeing a bounce. The current prices trading backup at 1.3616 and volatile up-and-down trading. The high bounce price reached to 1.36267.

On top side, traders will be wat... Read More

Posted: Dec 7 2022, 15:19
Author Name: forexlive
Views: 110729

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