USD/CAD bulls await sustained move beyond 1.3800 amid rallying USD, weaker oil prices – by hareshmenghani USDCAD Fed Bonds Recession Currencies
a combination of factors, with bulls now awaiting a sustained strength beyond the 1.3800 round-figure mark.
The US central bank signalled last week that it will likely undertake more aggressive increases at its upcoming meetings to cap inflation. The overnight remarks by Fed officials reaffirms the Fed's hawkish outlook and lifts the yield on the benchmark 10-year US government bond to the 4% threshold for the first time since April 2010.
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