USD/CAD retreats towards 1.2650 on upbeat oil prices after Fed, BOC meetings By anilpanchal7 USDCAD BOC Fed Oil Currencies
Fed, BOC matched market forecasts whereas Powell, Macklem sound cautiously optimistic.US Q4 GDP, Durable Goods Orders will be crucial for near-term direction.
The Loonie pair failed to praise the Bank of Canada’s hawkish verdict on Wednesday as the US Federal Reserve matched the market’s upbeat expectations. However, strong prices of Canada’s main export item WTI crudeThat said, the US Federal Reserve kept benchmark interest rates and tapering targets intact during Wednesday’s Federal Open Market Committee meeting.
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