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USD/CAD analysis as BoC points to a series of jumbo rate cuts

Summary by Invezz
The USD/CAD exchange rate moved sideways on Monday morning after the Bank of Canada (BoC) governor raised the prospects of jumbo interest rate cuts as the economy stagnates. It retreated slightly to 1.3577, a few points below last week’s high of 1.3620. BoC rate cuts and inflation data The USD/CAD exchange rate reacted mildly to last week’s BoC interest rate decision in which the bank decided to cut rates by 0.25%.  It brought rates to 4.25%, do…
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