• USD/CAD 1.2170/1.2221 post FOMC minutes
  • Choppy price action since as traders debate what’s changed
  • Economy probably not strong enough for a June hike hit DXY 
  • No one expected a June hike, that’s why USD/CAD hit 1.1920
  • Sounds like a Sep hike is on the cards, July still a possibility

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