Fed officials hint at rate cuts - here's why USD/CAD traders are panicking
Key Points
- USD/CAD plunged to 1.3730 amid hints of potential Fed rate c...
The USD/CAD pair just took a dive near 1.3730, and it's not because someone forgot to feed the currency markets their morning coffee. Federal Reserve officials have been dropping hints about potential rate cuts like breadcrumbs, and traders are following that trail straight to the exits.
When Fed Officials Start Sounding Dovish, Wallets Get Nervous
Minneapolis Fed President Neel Kashkari and San Francisco Fed President Mary Daly have been painting a rather cautious picture of the U.S. economy lately. Their comments suggest that rate cuts might be coming faster than a clearance sale at a ...
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