Fed to hike 25bps; the bar is high to flip the status quo for USD – TD
TD Research discusses its expectations for next week’s FOMC policy meeting. “We expect a 25bp rate hike at next week’s FOMC meeting taking the Fed funds target range to 4.50%-4.75%, and raising the IOER and RRP rates to 4.65% and 4.55%, respectively. The move would be the second consecutive downshift in hiking pace by the […]
BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer
USD/CAD ANLAYSIS Expected 25bps increment leaves CAD floundering. 2023 peak rates priced in by money markets. Descending triangle still in play. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/CAD FUNDAMENTAL BACKDROP Foundational Trading Knowledge Forex Fundamental Analysis Recommended by Warren […]