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November 8, 2024

USD/CAD Price Forecast: Corrects below 1.3900 as traders brace for Fed’s policy decision

The USD/CAD pair corrects below the round-level figure of 1.3900 in Thursday’s North American session. The Loonie pair drops after rallying on Wednesday as the US Dollar (USD) faces some unwinding ahead of the Federal Reserve’s (Fed) monetary policy decision, which will be announced at 19:00.

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