XE Market Analysis: The Fed is Expected to Keep its Powder Dry and its Senses on High Alert

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OVERVIEW

  • The market waits for the Fed Chair to deliver his economic assessment. In the meantime, G10 currencies remain calm.

  • USD/CAD oscillates around the 1.31 handle ahead of today’s rate decision from the Bank of Canada. 

  • WTI Crude oil prices jumped 2.35% over geopolitical risks