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USDCAD Technical Analysis - Key moment

This week, the Federal Reserve took a slightly more hawkish stance than expected. They decided to keep interest rates unchanged at a range of 5.00-5.25%, but they increased the projected terminal rate in the Dot Plot by 50 basis points. The FOMC chose to pause during this meeting to gather more economic data before making a decision on a potential interest rate hike in July. They were cautious due to the weaker details in the latest NFP report, the ISM Services PMI report, and the CPI report, al... Read More

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Usdcad

Technical

Analysis

Moment

Forex

Posted: Jun 16 2023, 09:08

Author Name: forexlive

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