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USD/CAD Outlook: Manufacturing Surge Bolsters Loonie
Canada’s manufacturing PMI rose from 51.1 to 52.0 in November. The US manufacturing PMI rose to 48.4 after a previous reading of 46.5. US unemployment might increase in November. The USD/CAD outlook shows stronger-than-expected business activity in Canada’s manufacturing sector which is supporting the loonie. Meanwhile, the dollar eased slightly as market participants awaited more...
USD/CAD Outlook: Markets Brace for Aggressive BoC Rate Cut
Canada’s economy expanded by 1% in the third quarter. Markets raised the chances of another super-sized BoC rate cut from 31% to 50%. Market participants are awaiting the US nonfarm payrolls report. The USD/CAD outlook shows a weak Canadian dollar after data last week raised the likelihood of another massive Bank of Canada rate cut...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
