Tuesday , 24 September 2024
Home Forex USD/CAD falls below 1.3550 on expected BoC rate cuts, weak US Job Openings
Forex

USD/CAD falls below 1.3550 on expected BoC rate cuts, weak US Job Openings

The USD/CAD pair drops sharply below the crucial support of 1.3550 as the Bank of Canada (BoC) reduces its key borrowing rates by 25 basis points (bps) for the third straight time, pushing them lower to 4.25%.

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