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USD/CAD Forecast: Loonie Plunging amid Weak USD, Higher Oil Prices

by Forex Crunch
October 7, 2022
in Forex Analysis
Reading Time: 1 min read

US job openings decreased significantly in August. The US labor market might be starting to loosen amid higher interest rates. Oil prices are on the rise due to possible supply cuts from OPEC+. Today’s USD/CAD forecast is bearish as data released yesterday showed a cooling in the US labor market due to higher interest rates. … Continued
The post USD/CAD Forecast: Loonie Plunging amid Weak USD, Higher Oil Prices appeared first on Forex Crunch.
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