Friday, October 16, 2026

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USD/CAD ready to test 1.28

USD benefits from expectations of mid-year Fed rate hike 1.2711 = 5week high for USD/CAD FOMC meets next week (Mar 17-18) USD/CAD bull targets include 1.28 (Jan 30 high) & 1.30 1.2664 (European am low) & 1.2627 (Mar 6 hi…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD  benefits from expectations of mid-year Fed rate hike

  • 1.2711 = 5week high for USD/CAD

  • FOMC meets next week (Mar 17-18)

  • USD/CAD bull targets include 1.28 (Jan 30 high) & 1.30

  • 1.2664 (European am low) & 1.2627 (Mar 6 high) support

  • Key Canadian event risk is Friday's Feb jobs data

  • 5k drop in employment expected. Jobless rate forecast to rise to 6.7%, from 6.6% 

 

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By FxWirePro Team