All eyes are on the Federal Reserve as markets brace for the FOMC’s key policy decision amid high expectations. While rates are likely to hold steady, investors focus on the updated economic projections and signals on the timing of rate cuts in 2025. The outcome will shape currency trends and global market sentiment for months ahead. Based on analysis from Pablo Piovano, FXStreet, Bloomberg, Reuters, CNBC, and Fed releases.

USD/CAD edges toward 1.3850 as markets brace for BoC and Fed policy updates. Diverging central bank outlooks, softer oil prices, and mixed economic signals underpin the move. BoC likely to signal caution amid slowing growth, while Fed remains data-dependent with a steady hawkish tilt. Volatility expected post-announcements. #Forex #USDCAD #BoC #Fed