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USD/CAD Canadian Dollar Higher After Less Hawkish FOMC Minutes

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian dollar appreciated versus its U.S. counterpart after yesterday’s release of the minutes from the October Federal Open Market Committee (FOMC). The notes showed that there is still internal division on when to proceed with the first U.S. interest rate hike in a decade. The forecasts still call for a sooner rather than later hike, with December the favoured meeting in which the Fed will announce it, but the lower confidence in the sustained growth of the U.S. economy. The USD/CAD

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