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Canadian Dollar Price Forecast: USD/CAD Divergence from USD/DXY Trends
The US Dollar has put in a massive move since last May when the currency was grinding at the 90 handle on DXY. That’s around the time that the Fed started shifting their verbiage from extremely dovish to a bit less so, even as inflation was starting to spike above three and four percent. It wasn’t until September that the bank actually started to talk up possible rate hikes, but markets aren’t one to wait around and the trend has already gotten started by then. From that low set last May – the US Dollar has gained as much as 22.07%. This calendar year alone the Greenback has already put in its largest annual ... (full story)