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Apparently, the weakening trend of King Greenback is persisting into Jackson Hole. I tend to agree with those who think JPOW will walk back expecta...

Published Aug 22, 2024Updated Aug 22, 20242 min read
Apparently, the weakening trend of King Greenback is persisting into Jackson Hole. I tend to agree with those who think JPOW will walk back expectations of a 50 bp cut in September. In event of that, expect CAD to weaken back to 1.3650 at the very least. USD/CAD took 12 hours to finally wake up about Canada rail strike https://www.msn.com/en-ca/news/politics/canadian-rail-services-shut-down-as-cn-cpkc-workers-locked-out/ar-AA1pf7JV?ocid=socialshare&pc=ASTS&cvid=139a5bd72dd741558b8f3ea4f2fbc6eb&ei=20
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