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Forex

USD/CAD Soars on Hawkish Fed Expectations

Guavy AI Editorial Team
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USD CAD
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The Canadian Dollar is struggling against the US Dollar, which has reached a two-week high at around 1.3930 due to the bullish sentiment surrounding the USD.

The upcoming Federal Reserve meeting on September 15-16 is expected to result in a 25 basis point interest rate hike, with investors closely watching the Fed's economic projections and comments from Chair Kevin Warsh for clues about future policy decisions.

The Canadian Dollar is also facing pressure due to the anticipation of a dovish policy stance from the Bank of Canada and an escalating US-Canada trade war.

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