In today’s video, we dive deep into the recent USD/CAD movement as the pair slips to 1.3530 during the early Asian session on Tuesday. The US Dollar is showing signs of weakness, and all eyes are on major events that could shift the market further! 🧐
💼 What to Watch:
📊 Bank of Canada Governor Tiff Macklem’s Speech: Will BoC deliver hints on future monetary policy?
🏦 Federal Reserve’s Michelle Bowman: Could more interest rate cuts be on the horizon?
🔍 US Consumer Confidence Data: Investors are paying close attention to the latest reports to gauge the economic outlook.
Several key Fed officials have left the door open to additional interest rate cuts, and this has the potential to influence USD/CAD in the coming days. With Chicago Fed President Austan Goolsbee hinting at more rate cuts to help achieve a soft economic landing, we explore how this could affect inflation, labor markets, and your trading decisions. 📈📉
👉 Make sure to watch until the end to get expert analysis on how these upcoming events might influence the future of the USD/CAD pair. If you’re involved in forex trading or just curious about the currency market, you won’t want to miss this! 🚀
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