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USD/CAD Forecast: Pair Retreats After Reaching New Peaks
The Bank of Canada cut interest rates by 50-bps on Wednesday. Oil rose nearly 1% early on Thursday after Hezbollah hit Israel with missiles. The greenback remained steady as market participants waited for the November US presidential election. The USD/CAD forecast shows a pullback after the pair made new highs. The Canadian dollar dropped to...
USD/CAD Forecast: Traders Lock Profits Ahead of BoC Meeting
The USD/CAD pair had a steep rally in October. Canada’s inflation has eased significantly, increasing bets for a super-sized BoC rate cut. Oil rose due to an improving demand outlook in China. The USD/CAD forecast suggests profit-taking after a strong rally, with the pair easing ahead of the crucial Bank of Canada policy meeting. At...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
