USD/CAD finds demand below 1.3430 as hawkish Fed bets remain solid despite US CPI cools USDCAD Fed BOC Inflation SEO
have significantly rebounded in April after a surprise announcement of production cuts by OPEC+, which could spoil Gold Bull’s party in the coming months.
It would be early to consider a pause in the Quantitative tightening spell as inflation is still far from the desired target of 2%. San Francisco Fed Bank President Mary Daly said late Wednesday, "There's a lot more in the pipeline of monetary policy tightening," as reported by Reuters. However, she refrained from forecasting the end of the tightening cycle.The Canadian Dollar remained firm on Wednesday against the US Dollar despite the Bank of Canada keeping its policysteady at 4.
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