# USD/CAD declines ahead of FOMC minutes – Noor Trends

> The Canadian dollar was quiet ahead of the release of Federal Reserve minutes, with USD/CAD down 0.07% at 1.3517. Canada's January headline inflation fell to 2.9% year on year, below expectations, but the loonie showed little reaction.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31919-usd-cad-declines-ahead-of-fomc-minutes-noor-trends
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Softer Canadian inflation reduces the chance of an early Bank of Canada hold, which could weigh on the loonie over time and lift USD/CAD. The article is routine currency commentary with little bearing on feed prices.

## Read by commodity

- USDCAD: neutral

## Sources

- noortrends.ae: https://noortrends.ae/en/usd-cad-declines-ahead-of-fomc-minutes/02/21/market-updates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.