USD/CAD: Mid-Term Lows Flirted with as Bank of Canada Looms

14 days ago DailyForex

The USD/CAD is trading near important mid-term lows as speculators brace for the Bank of Canada to release the Overnight Rate today which will lead to volatility. The USD/CAD is traversing near the 1.33600 ratios as it hovers close to critical mid-term lows. The Bank of Canada will issue its Monetary Policy Report today and the central bank’s outlook will certainly cause a storm in the USD/CAD. USD/CAD January’s Bearish Trend has brought November 2022 Values into SightOn the 13 th of January, the USD/CAD was trading near the 1.33200 mark briefly. The Bank of Canada will likely mirror the U.S. Federal Reserve’s policy, warning about inflation while saying it is monitoring growth.
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