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Forex

USD/CAD Consolidates Ahead of Federal Reserve Decision

Guavy AI Editorial Team
Instruments
USD CAD
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The US dollar remains strong ahead of the Federal Reserve's decision, with USD/CAD trading at around 1.4120 and maintaining a converging range-bound movement.

Markets are awaiting the outcome of the Federal Reserve's policy meeting, where investors expect the committee to hold rates steady.

The Fed's guidance on inflation, economic growth, and future policy adjustments will directly influence the near-term direction of the US dollar and serve as a key driver for USD/CAD.

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