USD/CAD Analysis: Loonie Strength Continues Ahead of Key Inflation Data Release
USD/CAD Analysis: Loonie Strength Continues Ahead of Key Inflation Data Release 2021-05-18 20:30:00 Brendan Fagan, Bank of Canada, Inflation, USD/CAD Talking Points: Loonie strength continues, USD/CAD trading at levels not seen since May 2015 Bank of Canada remains steadfast in their commitment to 2% inflation target Bank of Canada’s recent taper of asset purchases was the fuel for the recent move Advertisement USD/CAD traders will be looking to Wednesday’s inflation data for clues as to the pair’s next move. Since the Bank of Canada (BoC) announced a taper of asset purchases last month...
Source: dailyfx.com