Canadian Dollar Forecast: USD/CAD Rally Materializes Ahead of April Low
USD/CAD appears to have reversed course ahead of the April low (1.2403) as the exchange rate extends the series of higher highs and lows from last week.
Source: dailyfx.com
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USD/CAD appears to have reversed course ahead of the April low (1.2403) as the exchange rate extends the series of higher highs and lows from last week.
The BoC rate decision may do little to derail the recent advance in USD/CAD if the central bank continues to endorse a wait-and-see approach for monetary policy.