Wednesday, 29 April 2020

USD/CAD Price Nears Support Ahead of FOMC Meeting, US Q1 GDP

The recent USD/CAD sell-off continues with a series of lower highs driving sentiment. Near-term support is close but today’s FOMC meeting is likely to decide the next move for USD/CAD.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...