The USD/CAD collapsed toward its daily lows at 1.3678 after the US Federal Reserve decided to lift rates by 25 bps. The so-called dot-plot was almost unchanged compared to December’s Summary of Economic Projections (SEP), meaning another 25 bps increase is expected. Therefore, the USD/CAD is trading volatile, around 1.3680-1.3720, ahead of the Fed Chair Powell press conference.
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