Canadian dollar holds steady after BoC minutes
The Canadian dollar held its ground against the US dollar maintaining near its one-week high. While keeping an eye on the upcoming Canadian inflation data, the recent meeting minutes from the Bank of Canada (BoC) revealed that the central bank considered waiting an extra month before cutting interest rates.
Canadian government bond yields rose across the curve.
Read more to find out what happens to the Canadian dollar.
Disclaimer:
This cautious forecast suggests that the Canadian dollar may continue to hover around its current levels. Those seeking opportunities to trade are advise to maintain a reasonable level of risk management.
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