USDCAD Technical Analysis – We are challenging the 2-year high ...Middle East

forex live - News
USDCAD Technical Analysis – We are challenging the 2-year high
Fundamental OverviewThe puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of days into a potentially hot US CPI report today.At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Mor

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCAD Technical Analysis – We are challenging the 2-year high )

Also on site :



Latest News