Loonie Sinks Despite BoC’s Hawkish Hold, Aussie Rally Fizzles Out

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2022/02/f-cad93.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2022/02/f-cad93.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/02/f-cad93-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/02/f-cad93-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/02/f-cad93-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Canadian Dollar encountered heavy headwinds after BoC made the anticipated decision to keep interest rates steady. The bank&#8217;s hawkish tone persisted, highlighting concerns over the sluggish pace of disinflation. However, the central bank also acknowledged emerging signs indicating that past rate hikes might be curbing economic activity. Earlier in the day, Australian Dollar experienced a [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/market-overview/524590-loonie-sinks-despite-bocs-hawkish-hold-aussie-rally-fizzles-out/">Loonie Sinks Despite BoC&#8217;s Hawkish Hold, Aussie Rally Fizzles Out</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>