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USD/CAD Loonie Flat Awaiting Fed Historic FOMC

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD/CAD traded with little change on Tuesday a day before the U.S. Federal Reserve is to announced the first U.S. benchmark interest rate hike in a decade. After the disaster that followed the European Central Bank (ECB) statement at the beginning of the month investors are anxious if the Fed will delivered as promised. The divergence in monetary policy had up to that point driven the USD to gain versus majors, but the market reaction to the ECB announcement threw a wrench into the well

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