FX Guys

US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

January 25, 2024 – Written by John Cameron

Bank of Canada Drops Talk of Higher Interest Rates, GBP/CAD Exchange Rate Hits 7-Week Highs

The Bank of Canada held interest rates at 5.00% following the latest council meeting, in line with consensus forecasts.

The bank provided no clear guidance on rates, but the Canadian dollar lost ground as the bank statement dropped references to the risk of further…
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