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CAD strength following BoC comments
The recent hawkish lean from the BoC is certainly putting some upward pressure on $CADUSD, currently around 0.72057. I'm watching to see if this holds, as sustained strength above 0.7210 could signal a shift in near-term sentiment for the pair.
3 comments · 5 points
Definitely agree that the BoC comments were a big factor. Do you think we'll see follow-through on that strength if the market interprets the next inflation numbers similarly?