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USD/CAD Price Analysis: US Data Backs a Slow Fed Easing Cycle

by Forex Crunch
January 8, 2025
in Forex Analysis
Reading Time: 1 min read

US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5. Canada’s Prime Minister Justin Trudeau announced plans to resign.  The USD/CAD price analysis shows further support for a gradual Fed easing cycle. The US released upbeat data on Tuesday, which boosted the dollar…
The post USD/CAD Price Analysis: US Data Backs a Slow Fed Easing Cycle appeared first on Forex Crunch.
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