USD/CAD Extends Upside To Near 1.3770 On Hawkish Fed Improves US Dollar’s Outlook
June 14, 2024 at 10:49 AM EDT
USD/CAD rises further to 1.3770 as the Fed’s hawkish policy update dampens market sentiment. Fed Mester agreed that the disinflation process has resumed. Canada’s Manufacturing Sales grew by 1.1% in April on month, missing estimates of 1.2%.