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USD/CAD Outlook: Dollar Sinks After US Inflation Misses Forecasts
US inflation figures came in lower than anticipated, fueling speculation of a peak. Markets are now pricing a 71.5% chance of a 50bps rate hike in December. The BoC stated on Thursday that Canada’s booming labor market could withstand an economic downturn. Today’s USD/CAD outlook is bearish. The dollar sank on Friday as US inflation … Continued The post USD/CAD Outlook: Dollar Sinks After US Inflation Misses Forecasts appeared first on Forex Crunch...
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Posted: Nov 11 2022, 09:11
Author Name: forexcrunch
Views: 110815