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USD/CAD Forecast: Safe-Haven Demand for the Dollar Fades
The announcement of a finalized debt ceiling deal reduced demand for the dollar. The Canadian dollar recorded a weekly decline due to strengthening US bond yields. Preliminary data indicated a 1.6% increase in Canada’s wholesale trade in April compared to March. Today’s USD/CAD forecast is bearish. The announcement of a finalized debt ceiling deal reduced … Continued The post USD/CAD Forecast: Safe-Haven Demand for the Dollar Fades appeared first on Forex Crunch...
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Posted: May 29 2023, 08:13
Author Name: forexcrunch
Views: 110854