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USDCAD Technical Analysis - Key Level in Focus

The Fed last week paused its tightening cycle leaving interest rates at 5.00-5.25%. The FOMC wants to see more economic data before deciding on another rate hike as they are trying to fine tune their policy to get to a sufficiently restrictive level to bring inflation down without too much economic pain. The BoC, on the other hand, surprised recently with a rate hike as they are not satisfied with the disinflationary trend in the first quarter of 2023 and judged appropriate to raise the interest... Read More

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Content Topics

Usdcad

Technical

Analysis

Level

Focus

Forex

Posted: Jun 20 2023, 08:59

Author Name: forexlive

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