USD/CAD recovers early lost ground, sits near multi-week high ahead of BoC
#USDCAD attracted some dip-buying on Wednesday and inched closer to the multi-week high.
The Fed’s hawkish outlook continued underpinning the USD and extended support to the pair.
Subdued crude oil prices did little to influence the loonie or provide any meaningful impetus.
Investors now preferred to move on the sidelines ahead of the #BoC monetary policy decision.
#trading #forex #analysis #3ST
#USDCAD attracted some dip-buying on Wednesday and inched closer to the multi-week high.
The Fed’s hawkish outlook continued underpinning the USD and extended support to the pair.
Subdued crude oil prices did little to influence the loonie or provide any meaningful impetus.
Investors now preferred to move on the sidelines ahead of the #BoC monetary policy decision.
#trading #forex #analysis #3ST