{"id":73619,"date":"2022-10-06T21:57:00","date_gmt":"2022-10-06T17:57:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73619"},"modified":"2022-10-07T01:13:44","modified_gmt":"2022-10-06T21:13:44","slug":"usd-cad-rallies-sharply-on-bocs-macklem-hawkish-remarks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-rallies-sharply-on-bocs-macklem-hawkish-remarks\/10\/06\/market-updates\/","title":{"rendered":"USD\/CAD rallies sharply on BoC&#8217;s Macklem hawkish remarks"},"content":{"rendered":"\n<p>The USD\/CAD pair climbs above 1.3700 as traders eye a break of 1.3800 as they focus on Friday\u2019s NFPs. The Bank of Canada\u2019s Governor Macklem said, \u201cfurther interest rate increases are warranted,\u201d reiterating the BoC\u2019s hawkish stance.<br> <br>The USD\/CAD climbs sharply during the US session, as Fed officials remained focused on bringing inflation down, disregarding a possible US recession, while markets\u2019 expectations for a Fed pivot dwindled, as shown by US equities, registering losses. Therefore, the USD\/CAD is trading at 1.3722, above its opening price by 0.81%.<br><br>Tiff Macklem expressed in prepared remarks that while Canada\u2019s economy begins to slow, the labor market remains tight, while demand is still eclipsing supply. Macklem commented that the bank needs clear evidence that inflation is coming down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/CAD pair climbs above 1.3700 as traders eye a break of 1.3800 as they focus on Friday\u2019s NFPs. The Bank of Canada\u2019s Governor Macklem said, \u201cfurther interest rate increases are warranted,\u201d reiterating the BoC\u2019s hawkish stance. The USD\/CAD climbs sharply during the US session, as Fed officials remained focused on bringing inflation down, disregarding &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[9358,7901,7015],"class_list":["post-73619","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-hawkish-stance","tag-tiff-macklem","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=73619"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73619\/revisions"}],"predecessor-version":[{"id":73625,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73619\/revisions\/73625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70532"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}