USD/CAD: Fed Policies To Determine Outlook As Rates

USD/CAD nears a breakout above 1.4239 as Fed policy and geopolitics drive moves. Fed rate decisions and Middle East developments are key catalysts. See more.

The Federal Reserve's fiscal control has once again re-entered the spotlight as USD/CAD looks to break out from a three-week period of sideways trading. Traders have long sought out a meaningful breakout above 1.4235, which would The Federal Reserve's fiscal control has once again re-entered the spotlight as USD/CAD looks to break out from a three-week period of sideways trading. Traders have long sought out a meaningful breakout above 1.4235, which would Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.

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