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USD/CAD Still Holds Below Monthly High Following Dovish Fed Rate Cut
USD/CAD still holds below the monthly high (1.3959) as the Federal Reserve delivers a dovish rate-cut, and the exchange rate may struggle to retain the advance from the October low (1.3473) as it appears to be reversing ahead of the 2022 high (1.3978). USD/CAD Still Holds Below Monthly High Following Dovish Fed Rate Cut USD/CAD falls toward the weekly low (1.3821) even though the Federal Open Market Committee (FOMC) ‘judges that the risks to achieving its employment and inflation goals are roughly in balance’ as Chairman Jerome Powell reveals that ‘in the near term the election will have no effects on our ... (full story)
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- Posted: Nov 7, 2024 8:36pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,125
