USD/CAD Falls Below 1.3550 On Expected BoC Rate Cuts, Weak US Job Openings
September 04, 2024 at 12:50 PM EDT
The USD/CAD pair drops sharply below the crucial support of 1.3550 as the Bank of Canada (BoC) reduces its key borrowing rates by 25 basis points (bps) for the third straight time, pushing them lower to 4.25%.
