Started by forex4you, Oct 30, 2022, 07:47 am
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BoC hiked rates by 50bps, smaller than the 75bps forecasted. The BoC said it would continue hiking rates to bring inflation back to its target. Canada’s central bank cut its 2023 growth projections. Today’s USD/CAD forecast is bearish as dollar weakness continues. However, the Canadian dollar weakened on Wednesday when the Bank of Canada announced … Continued
The post USD/CAD Forecast: BoC Delivers Smaller Hike amid Recession Fears appeared first on Forex Crunch.
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