Friday, October 16, 2026

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USD/CAD paid at session high 1.2562, bull hammer on chart

Source: Thomson Reuters Buck pops as FOMC minutes suggest Fed likely to forge ahead with rate hike plans USD/CAD paid at session high 1.2562 with bull hammer on chart Dudley mentioned possibility of June hike, now the FO…

By Jay L. Zagorsky
1 min read
USD/CAD paid at session high 1.2562, bull hammer on chart
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Source: Thomson Reuters


  • Buck pops as FOMC minutes suggest Fed likely to forge ahead with rate hike plans

  • USD/CAD paid at session high 1.2562 with bull hammer on chart

  • Dudley mentioned possibility of June hike, now the FOMC minutes affirm "several participants" think same

  • Canadian banks were all bearish this morning looking for 1.2360

  • Payrolls plunge a dim memory and today's low missed opportunity, Fed rates trajectory in question 

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By FxWirePro Team