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Little News From the Fed Helps Steady the Dollar
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Little news from the Fed helps steady the dollar
CAD The Canadian dollar navigated a pivotal day on Wednesday as the Bank of Canada’s policy decision unfolded largely as predicted. The BoC held its overnight rate at 2.25% – the second consecutive pause – and struck a balanced tone about the domestic economy’s recent performance, largely marketing-to-market its forecasts. USMCA renegotiation is clearly top of mind at present, with heightened uncertainty weighing against action. Even so, we see …
The dollar has erased some of its losses in the last few days. The post The dollar not disturbed by the meeting of the Fed appeared first on Les Affaires.
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