May 30, 2024 – OkSignals

USD/CAD: Loonie Gains Traction as BoC Rate Cut Expectations Rise

The USD/CAD currency pair is on the rise, reaching 1.3730 in Thursday’s trading session. This uptick reflects a strengthening Canadian Dollar (CAD) driven by market expectations of an interest rate cut by the Bank of Canada (BoC) in June. Market Dynamics: Inflation Data in Focus: Technical Analysis (USD/CAD): Support and Resistance: The USD/CAD pair is […]

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