Forex
globalreutersJune 26, 20241 Mins read
USD/CAD recovers at Fed rate-setters’ reluctance to endorse interest-rate cuts
globalreutersJune 26, 20241 Mins read USD/CAD edges higher on Wednesday, trading in the 1.3680s as the US Dollar (USD) firms up on commentary from several Federal Reserve (Fed) rate-setters, that overall suggests the US central bank is reluctant to cut its main interest rate, the Fed Funds rate, due to insufficient progress being made on lowering inflation.
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