USD/CAD Forecast: Robust NFP Report Sends Dollar Higher

The US added more jobs in May than economists had forecast. The US unemployment rate rose from 3.9% to 4.0%. The total Fed cuts expected this year fell from 50 to 35 basis points. The USD/CAD forecast looks promisingly bullish as the dollar surges following Friday’s unexpectedly strong jobs report. The US nonfarm payrolls overshadowed...


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