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After today news will Friday be the next big news day for U/Ca
Spikes to a fresh monthly high of 1.0793 as Bank of Canada (BoC) talks down inflation risk.
Nevertheless, BoC argues next move has become more neutral and continues to see a ‘soft landing’ in the housing market.
Looks as though we will continue to see a shift in the BoC’s guidance; still looking for a lower-high as USD/CAD retains downward trending channel from earlier this year.