USD/CAD Weekly Forecast: BoC Poised for Early Rate Cut

Upbeat consumer confidence data from the US sent the dollar soaring. Canada’s GDP fell from 0.2% to 0.0% on a monthly basis. Markets are pricing a 60% chance of a rate cut in Canada on coming Wednesday. The USD/CAD weekly forecast shows more downside potential as there is a high chance that the Bank of...


The post USD/CAD Weekly Forecast: BoC Poised for Early Rate Cut appeared first on Forex Crunch.


https://www.forexcrunch.com/blog/2024/06/01/usd-cad-weekly-forecast-boc-poised-for-early-rate-cut/?utm_source=dlvr.it&utm_medium=blogger