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USD/CAD Forecast: Bulls Retained at 1.35, Focus on FOMC

USD/CAD Forecast: Bulls Retained at 1.35, Focus on FOMC
The Commerce Department reported a significant 0.7% surge in U.S. retail sales. Canada’s yearly inflation rate surged beyond expectations to 3.3% in July. There are increased expectations for a quarter-percentage-point BOC rate hike in September. Today’s USD/CAD forecast is slightly bearish. Although the dollar fell, it remained close to a one-month top hit on Monday. … Continued The post USD/CAD Forecast: Bulls Retained at 1.35, Focus on FOMC appeared first on Forex Crunch... Read More
Posted: Aug 16 2023, 11:19
Author Name: forexcrunch
Views: 111529

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