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From OANDA MarketPulse: The Canadian dollar appreciated after the release of the Federal Open Market Committee (FOMC) September meeting minutes. The U.S. Federal Reserve announced the details of its balance sheet reduction plans at the September meeting and voted unanimously to keep rates unchanged but the big question mark remained on the internal debate on inflation.
There are mainly two camps at the US central bank. Those who believe inflation is too low and therefore it is wrong to hike rates. In the other hand the second group believes that waiting for inflation to catch up could be a mistake.
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