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OANDA – USD/CAD Lower After FOMC Minutes Reaction

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The USD/CAD is lower after the debate between Fed members decreases the probability of a rate hike in December. Employment data in the U.S. was strong, but inflation and retail sales have shown tepid growth that while not a deal breaker will do little to convince FOMC voters on the fence about a December rate hike. The loonie has been range bound around 1.3330 while expectations of a stronger rate hike signal did push the price to 1.3370. Interest rate divergence anticipation has been driving

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