July 9, 2024 – OkSignals

Canadian Dollar Stalls as Fed Chair Powell Dashes Rate Cut Hopes

The Canadian Dollar (CAD) remained flat on Monday, reacting to a lackluster performance from Federal Reserve Chair Jerome Powell during his semi-annual testimony before Congress. With little domestic economic data to influence its movement, the CAD has become more susceptible to broader market trends. Powell’s remarks, which reiterated the Fed’s commitment to holding interest rates […]

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