Day: February 28, 2024

USD/CAD Retreats After Mixed US GDP Data, Eyes Key Inflation Release

USD-CAD_oksignals_article image

USD/CAD witnessed an early Wednesday rally above 1.3600 but quickly retreated back into its recent range following the release of mixed US Gross Domestic Product (GDP) figures. Market focus now shifts to Thursday’s US Personal Consumption Expenditure Price Index (PCE), the Federal Reserve’s (Fed) preferred inflation gauge. Canada’s Q4 Current Account data disappointed expectations, but […]

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