Thursday, June 6, 2024

USD/CAD Forecast: Loonie Slips as BoC Rate Cut Looms

Recent data revealed weaker-than-expected growth in Canada. Markets are placing a 75% chance that the BoC will cut rates on Wednesday. Oil fell as traders worried about looming supply increases. The USD/CAD forecast paints a bullish picture with the Canadian dollar on the back foot ahead of the BoC policy meeting, where markets believe there...


The post USD/CAD Forecast: Loonie Slips as BoC Rate Cut Looms appeared first on Forex Crunch.


https://www.forexcrunch.com/blog/2024/06/05/usd-cad-forecast-loonie-slips-as-boc-rate-cut-looms/?utm_source=dlvr.it&utm_medium=blogger

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