The dollar lost its safe-haven appeal as the US averted a debt default. Money markets currently assign a probability of around 29% for a June Fed hike. The Bank of Canada will likely maintain its key interest rate at 4.50%. The USD/CAD weekly outlook is bearish as expectations of a pause in Fed rate hikes … Continued
The post USD/CAD Weekly Outlook: Markets Lean Towards Fed’s Pause appeared first on Forex Crunch.
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