USDCAD reached a new low going back to February 24 ...Middle East

The USDCAD moved sharply lower this week despite comments from Bank of Canada's Macklin yesterday that the central bank had made progress on inflation and that it was reasonable given the continued progress in reducing inflation for further rate cuts. Nevertheless, Macklem did emphasize that future rate cuts will depend on incoming data and its implications for inflation. Since June, the BoC has reduced rates by 75 basis points to 4.25%, and markets are anticipating a 50 basis point cut in October, with an additional 25 basis point reduction expected in December.The comments did little to support the USDCAD yesterday and momentum continued toward the next key target on the daily chart and t

Hence then, the article about usdcad reached a new low going back to february 24 was published today ( Wednesday 25/09/2024 - 06:01 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCAD reached a new low going back to February 24 )

Also on site :

• Emmys 2026: ‘Widow’s Bay’ Leads All New Shows With 19 Nominations
• Northwest Biotherapeutics Presents Updated Survival Data from Phase III Trial of DCVax®-L For Glioblastoma Using Individual Patient Level Data in Multiple Independent Analyses
• ‘Little House’ Star Alison Arngrim Reveals the Haunting Prediction Michael Landon Made Before He Died