USDCAD REBOUND STOPPED AHEAD OF FED SYMPOSIUM
USDCAD rebounded from monthly-high at 1.3346 after Canada CPI reports suggesting inflation holding at 2% for the second consecutive months.
FOMC may face a different future as Trump tweeted “the only problem is Jay Powell and the FED”.
And it may put pressure on FED to change the four rate hikes from 2018.
In turn,the FED may alter its monetary policy in near future.
Anyway,it remains to be seen whether FED president,Jerom powell make a major announcement ahead of interest rate decision on 18th September.
With that said,it is probable to be some headwinds for US dollar.
US futures go through some uncertainty as another 25% rate cute is expected.
Now we have to wait for FED symposium results as it may change mid-term analysis of Canadian dollar.