USDCAD jumps with risk as Fed pauses cuts, AUDUSD hits new 2-Month Highs
Today’s Market Update video, wrap up of last nights key data, Fed and BOC rate decisions. Oil inventory numbers and the effect on the USDCAD risk currencies and US stock indexes.
We saw some strong move in FX as the AUDUSD hit new 2-month highs and the USDCAD spiked with risk currencies after oil inventories saw a shock jump. A pause in Fed rate cut cycle didn’t have a negative effect on stocks as the S&P500 and Nasdaq hit new records.