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2 days ago USD/CAD Rate Trades Below 1.3000 Ahead of FOMC Minutes - USD/CAD trades below the 1.3000 handle for the first time since 2018, and the
pated that the FOMC would also leave the target range for the federal funds rate unchanged. The deputy manager followed with a report on develop-ments in money markets and open market operations over the intermeeting period. The effective federal funds rate remained near the center of the FOMC’s tar-get range except on monthends. Forex Factory is for professional foreign-exchange traders. Its mission is to keep traders connected to the markets, and to each other, in ways that positively The manager noted that the release of the minutes of the May FOMC meeting, and particularly the reference to a possible technical adjustment in the interest on excess reserves (IOER) rate relative to the top of the FOMC's target range for the federal funds rate, prompted a small reduction in federal funds futures rates. ForexLive.com blog posts feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials. Find out how to take advantage of swings in global foreign exchange markets and see our real-time forex news analysis and reactions to central bank news, economic indicators and world events.
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The manager noted that the release of the minutes of the May FOMC meeting, and particularly the reference to a possible technical adjustment in the interest on excess reserves (IOER) rate relative to the top of the FOMC's target range for the federal funds rate, prompted a small reduction in federal funds futures rates.
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