
FOMC Minutes, Canadian Inflation Data, and USD/CAD Technical Analysis
Market participants are looking ahead to the publication of the July FOMC meeting minutes on Wednesday, August 19, seeking insight into the central bank's debate on future interest rate moves following its 9–3 decision to keep the benchmark target range at 3.50%–3.75%. Although these discussions occurred before the August 7 non-farm payrolls (NFP) report, analysts will examine the text to determine whether persistent inflation risks or cooling labor market momentum—underscored by slowing hiring and an unexpected drop of 23,000 jobs in July—will play a larger role in shaping the Fed's decision at the September meeting.









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