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USD/CAD Forecast: Powell Confirms Rate Hike Cycle’s Continuity

USD/CAD Forecast: Powell Confirms Rate Hike Cycle’s Continuity
Federal Reserve Chair Jerome Powell expressed concern over strong inflation. Investors expect the Canadian central bank to maintain rates at their current levels. Traders now expect a 50 basis point US rate hike in March. Today’s USD/CAD forecast is bullish. On Wednesday, the dollar reached multi-month highs versus most of the world’s major currencies. Federal … Continued The post USD/CAD Forecast: Powell Confirms Rate Hike Cycle’s Continuity appeared first on Forex Crunch... Read More
Posted: Mar 8 2023, 08:47
Author Name: forexcrunch
Views: 110644

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