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via fxstreet.comEconomy

USD/CAD rises above 1.4050 toward moving averages; BoC expected to hike 25 bps

FROM THE WIRE · FXSTREET.COM

USD/CAD gains ground for the third consecutive day, trading around 1.4060 during European hours on Wednesday. The Bank of Canada (BoC) is expected to deliver a 25-basis-point interest rate hike later in the day.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA Bank of Canada rate decision is a macro event that can move the CAD and Canadian yields.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01USD/CAD gains for the third consecutive day, trading around 1.4060 during European hours.
  2. 02The Bank of Canada is expected to deliver a 25-basis-point rate hike later in the day.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar/Canadian Dollar FX Spot RateUSDCADFX pair1.4057+0.02%today +0.04%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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