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USDCAD Technical Analysis - Focus on the 1.3225 level
The market expects the Fed to hike by 25 bps at the July meeting given that the economic data kept on surprising to the upside since the last FOMC meeting, although a lot will depend on the next NFP and CPI reports. Fed Chair Powell reiterated that they expect two or more rate hikes if the economy performs as expected. On a different note, the BoC is likely to remain on hold at this meeting given the miss in the CPI report although the disinflationary trend has slowed considerably, and they may...
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Posted: Jul 4 2023, 09:09
Author Name: forexlive
Views: 080922
