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USD/CAD relatively stable post FOMC but… - TDS

FXStreet (Barcelona) - Shaun Osbourne, Chief FX Strategist at TD Securities explained that the USD/CAD remains relatively stable in the aftermath of the Fed meeting.

Key Quotes

“All the CAD action is happening on the crosses, with EUR/CAD trading heavily and approaching the early-September lows once again having failed against noted resistance in the 1.44 area last week, for example."

"We think USD/CAD remains something of a sideshow for the markets at the moment. Gov. Poloz was very neutral in his comments on the policy outlook earlier this week and the pick-up in the data recently has given the markets no reason to challenge the assumption that BoC policy will track US rates broadly higher in the months ahead."

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