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USD/CAD Forecast: Loonie Hits 5-Month Low After BOC’s Pause
Powell repeated his hawkish stance but struck a cautious note. The Bank of Canada opted to halt its tightening campaign on Wednesday. In January, Canada unexpectedly recorded a trade surplus of C$1.9 billion ($1.4 billion). Today’s USD/CAD forecast is bullish. After Federal Reserve Chair Jerome Powell’s speech, the dollar was trading close to a three-month … Continued The post USD/CAD Forecast: Loonie Hits 5-Month Low After BOC’s Pause appeared first on Forex Crunch...
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Posted: Mar 9 2023, 08:45
Author Name: forexcrunch
Views: 082195