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USD/CAD Price Analysis: Cautious Tone Ahead of FOMC Meeting

Started by forex4you, Mar 24, 2023, 06:26 am

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Mar 24, 2023, 06:26 am
USD/CAD Price Analysis: Cautious Tone Ahead of FOMC Meeting

Investors are awaiting the Fed rate decision. Markets are pricing in an 86% chance of a 25bps rate hike. Canada’s annual inflation rate decreased more than anticipated to 5.2% in February. Today's USD/CAD price analysis is slightly bullish. The dollar was trapped near five-week lows as investors awaited information on the Federal Reserve’s direction in … Continued


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