BOC

USD/CAD recovers some ground and is positive for the week, up 0.42%. The BoC's Macklem said the Canadian economy is overheating and needs higher rates. USD/CAD Price Forecast: A Break Above 1.2700…
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USD/CAD corrects latest downward push from lows. The bears seem to be moderating at 1.2458, which could be taken advantage of. In 1.2552, the USD/CAD is up around 0.2% at the time of writing,…
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Bank of Canada (BoC) Deputy Governor Paul Beaudry said on Thursday that the BoC sees a growing probability that it may need to raise its policy rate to 3% or higher, Reuters reported. Additional…
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The The Bank of Canada has met market expectations by announcing a 50 basis point hike in its interest rates, from the previous 1% to the current 1.5%.its highest level since January 2020. This is the…
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The loonie remains among the best performing currencies. USD/CAD targets 1.2600, vols expected to remain elevated. Bank of Canada: the announcement is coming, which would be a rise of 50 basis…
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The USD/CAD pair is trading sideways again at the 1.2830 area after hitting two-week lows earlier in the session. The pair is on track to end the week down around 0.5% amid dollar and Canadian CPI…
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USD/USD is consolidating just above 1.3000, not far from 18-month highs at 1.3050. A strong US dollar amid recent US inflation data and risk aversion inflows are offsetting higher oil prices. The…
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USD/CAD has been swinging in the wake of the US CPI but has finally slipped back below 1.2950 as crude oil prices rise. However, the dour tone in US equity trading hampers the prospect of a…
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USD/CAD rose roughly 140 pips on Friday to hit its highest level in over a month above 1.2700. That marks the biggest one-day percentage gain since November. The pair rallied on the back of risk aversion flows, with…
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USD/CAD fell to two-week lows on Wednesday, shedding around 1.0% from near its 200 DMA from above 1.2600 to below 1.2500. The USD underperformed, driving much of the move, although higher-than-expected Canadian CPI…
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