USD/CAD dribbles around 1.3400 despite dovish BoC Macklem, mixed Fed talks and dicey Oil price – by anilpanchal7 USDCAD Fed BOC Oil RiskAppetite
h comments from Bank of Canada Governor Tiff Macklem, as well as the mildly offered Oil price. Even so, the US Dollar’s failure to rebound enables the quote to remain mildly offered by the press time.
Elsewhere, US President Biden delivered his State of the Union speech in the first joint session of Congress since Republicans took control of the House of Representatives in January. During the SOTU, US President Biden showed readiness to work with them for the betterment of America. The policymaker also pushed for the billionaire minimum tax while trying to show a tough stand on China if the dragon nation undermines the US sovereignty.
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