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club Felene

USD/CAD Price Analysis: CPI-led Rally Fades Below 1.3800

by Forex Crunch
October 16, 2024
in Forex Analysis
Reading Time: 1 min read

Canada’s annual inflation eased more than expected to 1.6% in September. Market participants raised the likelihood of a 50-bps rate cut from 50% to 74%. Traders are awaiting the US retail sales report for more insight into the economy’s health.  The USD/CAD price analysis shows a slight retreat, with fundamentals supporting further upside. The Canadian…
The post USD/CAD Price Analysis: CPI-led Rally Fades Below 1.3800 appeared first on Forex Crunch.
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