USD/CAD Forecast: Loonie Jumps on Improved Risk Appetite

The People’s Bank of China announced plans to cut lending costs by 50-bps. Bank of Canada governor Tiff Macklem delivered a dovish speech. The dollar fell after data showed weaker-than-expected consumer confidence. The USD/CAD forecast shows a new low for the pair this year after the loonie soared on improved risk sentiment. On Tuesday, China…
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USD/CAD Forecast: Loonie Jumps on Improved Risk Appetite

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