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fxJun 15, 2026, 11:10 AM

NBC: USD/CAD May Remain Range-Bound

National Bank of Canada notes USD/CAD has been consolidating and may stay range-bound amid shifting expectations for the Federal Reserve and Bank of Canada.

USDCAD

National Bank of Canada (NBC) has provided an outlook on USD/CAD, observing that the pair has been consolidating and may continue to trade within a range.

The bank attributes the recent price action to evolving expectations for monetary policy from both the Federal Reserve and the Bank of Canada, which have kept the currency pair in a tight trading band.

Source: FXStreet Forex News