The Canadian dollar strengthened amid relief over Trump’s soft approach to tariffs. The US released softer-than-expected business activity data. The Fed will likely keep rates unchanged while the BoC lowers. The USD/CAD forecast indicates increasing bullish sentiment as market participants gear up for monetary policy meetings in the US and Canada. The Fed will likely...
Data from Canada revealed that inflation eased to 2.4% annually. Canada’s retail sales made no change in November. Next week, investors will focus on policy meetings in Canada and the US. The USD/CAD weekly forecast shows relief over Trump’s soft approach to tariffs supporting the Canadian dollar. Ups and downs of USD/CAD The USD/CAD pair...
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