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USD/CAD Range Vulnerable to Slowing US PCE Inflation

From forex.com

USD/CAD approaches the week high (1.3238) as it attempts to retrace the decline following the Federal Reserve interest rate decision, but data prints coming out of the US may drag on the Greenback as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show slowing inflation. USD/CAD Range Vulnerable to Slowing US PCE Inflation USD/CAD consolidates after registering a fresh yearly low (1.3093) earlier this month, and the limited reaction to the Fed rate-hike may keep the exchange rate within a defined range amid speculation of a looming change in regime. {chart} According to the CME FedWatch Tool, ... (full story)

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  • Category: Technical Analysis