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club Felene

USD/CAD Forecast: Further Weakness for Loonie Amid Data

by Forex Crunch
October 31, 2024
in Forex Analysis
Reading Time: 1 min read

The Bank of Canada will likely remain aggressively dovish. Rising oil prices supported the loonie. The economy expanded by 2.8% in the third quarter. The USD/CAD forecast points to further weakness for the Canadian dollar amid an aggressively dovish Bank of Canada. Meanwhile, the dollar eased slightly after data showed weaker-than-expected US economic growth.  –Are…
The post USD/CAD Forecast: Further Weakness for Loonie Amid Data appeared first on Forex Crunch.
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