Daily Market Updates: USD/CAD Falls as BoC Hike Bets Surge: Can One Hike Break 1.4000?

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USD/CAD Falls as BoC Hike Bets Surge: Can One Hike Break 1.4000?

Reported · Written up by our desk · Major Pairs

The probability of an October 28 BoC hike jumped from 30% to 82.8% in a single weekend, driving USD/CAD toward the 1.4000 reversal zone. But with markets already pricing roughly four hikes through September 2027, one increase may not be enough,the Bank's updated inflation projections and guidance will decide whether the breakdown holds. The post USD/CAD Falls as BoC Hike Bets Surge: Can One Hike Break 1.4000? appeared first on ActionForex .

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Action ForexUSD/CAD Falls as BoC Hike Bets Surge: Can One Hike Break 1.4000?

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USD/CAD Falls as BoC Hike Bets Surge: Can One Hike Break 1.4000?

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