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Post by PeterHannCFA

Published Nov 06, 2024Updated Nov 06, 20242 min read
Futures markets still pricing in a 25bp rate cut by the FOMC this week, with about half another such cut in December. Bank of Canada the market expects to cut by 75bp more by January 2025. USD/CAD at 1.3955, expect some profit-taking at 1.4000 but could extend to 1.4200. 1.4600 the 2020 high levels.
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