USD/CAD bears are movimg in ahead of key US data USDCAD Currencies Fed DollarIndex
US data will yet again be front and centre to end the week.
Speaking of deflators, Friday's PCE deflator will be a key red news event. Ahead of the event, the Fed funds futures traders are now pricing for the federal funds rate to reach 5.34% in July, and staying above 5% all year. That rate is currently between 4.50%-4.75% range. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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