USD CAD Falls to 1 4150 BoC Signals Gradual Approach to Future Rate Cuts
The USD CAD pair extends its losses for the second consecutive day, trading around 1.4150 during the Asian session on Thursday. The retreat follows Wednesday’s high of 1.4194, marking the peak level since April 2020. The Bank of Canada’s recent statements indicate a careful, gradual approach toward future rate cuts. This cautious stance contributes to the Canadian dollar’s strengthening against the US dollar. Investors closely monitor these developments as they could influence future currency trends and economic conditions.
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