After pandemic many things went change. CXY index high DXY dropped and main rule played was zero interest rate as well as Oil prices gave advantage to CAD. Fed admit inflation high and rising interest rate is another tool after QE , Tapering. But other side Stocks feeling fear with Interest rate hike and we can say market on top and near a bubble. Fed said rate hike twice in 2023 but it can come early to control this inflation.
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