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CAD Reaction to BOC Rate Hold
The Bank of Canada's decision to hold rates steady, despite lingering inflation concerns, suggests they're giving prior hikes more time to work through the economy. This dovish lean against a backdrop of continued strong US data keeps me watching $USDCAD for a potential grind higher, especially with $CAD at 95.879, indicating a degree of resilience, but for how long if the Fed remains hawkish?
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