USD/CAD Awaits BoC Decision: A Close Look at Market Dynamics
As the Bank of Canada prepares to keep rates unchanged at 2.75%, market observers are focusing on the implications of this decision. Previously, the BoC cut interest rates by 25 basis points due to concerns over slower growth amid trade uncertainties and US tariffs. The USD/CAD currency pair remains under scrutiny as traders anticipate potential volatility. Understanding the broader economic impact and geopolitical influences will be key for anyone looking to navigate this landscape effectively and capitalize on emerging trends.