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On Friday, the rate dropped below 1.366 for the first time since the beginning of August. This was facilitated by fundamental drivers: → The US dollar weakens after the Federal Reserve meeting, which signaled the possibility of lowering interest rates next year. Powell said monetary tightening is likely complete and discussions about cuts are “on […]

The post USD/CAD Analysis: Rate Reaches Its Minimum in 4 Months appeared first on Action Forex.

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10/05/2024

Week Ahead – US Inflation Numbers to Shake Fed Rate Cut Bets

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Anything Less Than Mind-Blowing is Meh

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ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut

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