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USD/CAD Decline Stalls Ahead of Canada CPI, Fed Rate Decision 2021-03-16 15:00:00 David Song, Strategist Canadian Dollar Talking Points USD/CAD is little changed from the start of the week as it struggles to retrace the decline following Canada’s Employment report, but the key event risk on tap for later this week may sway the near-term outlook for the exchange rate if the Federal Reserve adjusts the forward guidance for monetary. Advertisement USD/CAD Decline Stalls Ahead of Canada CPI, Fed Rate Decision USD/CAD holds near the yearly low (1.2441) ahead of the update to Canada’s Consumer Price Index (CPI), which is anticipated to show the headline reading for inflation climbing to 1.3% from 1.0% per annum in February, but the Federal Open Market Committee (FOMC) interest rate decision may overshadow the key data print as the central bank is slated to release the Summary of Economic Pro

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