USD/CAD - Interesting developments in the Canadian economy! Not much movement for the Canadian dolla

Columns：Forex insights and analysis author：BTCZXW time：2024-08-31 18:14:04

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Hahaha, it seems that the USD/CAD currency pair has seen interesting developments again! Although Canada's GDP has risen slightly, the Canadian dollar still seems to be not moving much.

美元/加元 4 小时图表

Some time ago, the Bank of Canada has maintained a dovish stance and may cut interest rates again in the next few months. It seems that they want to boost the economy and avoid a recession through interest rate adjustments.

However, the Bank of Canada must also act cautiously and not go against the Fed's policies. After all, if the Fed continues to cut interest rates significantly, the Bank of Canada may have to follow suit.

In short, this "tug-of-war" between the Canadian dollar and the US dollar is really exciting! Let's wait and see what new developments will happen next! Hahaha, come on, Canadian dollar!

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