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Forex

USD/CAD Rebounds Above 1.4050 Amid Neutral RSI Momentum

Guavy AI Editorial Team
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EUR USD CAD
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The USD/CAD pair has made a rebound above 1.4050 in the early European session, maintaining its bullish tone in the near term.

This recovery comes after the US Federal Reserve's decision to leave interest rates unchanged at its July policy meeting on Wednesday.

Dallas Fed President Lorie Logan, Cleveland's Beth Hammack, and Minneapolis Fed President Neel Kashkari dissented in favor of raising rates by 25 basis points.

Fed Chairman Kevin Warsh said that the committee will act quickly if inflation pressures accelerate.

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