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TODAY'S MARKET INTELLIGENCE

Fed Hawkish Expectations Support USD; USD/CAD Consolidates Amid Volatility

Published: 2026-10-21 14:35:00Category: financeHeat: 54

English summary

In the Asian session on Wednesday, USD/CAD ended a four-day losing streak and traded near 1.4060. Crude oil prices have risen over 10% this month, with at least 18 merchant ship attacks in the Strait of Hormuz in the past two weeks. High oil prices boost inflation expectations and drive safe-haven flows into the USD, while also directly supporting the commodity-linked CAD, limiting upward movement in the pair.

The English text is machine translated and may require verification against the Chinese version.

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