Canada’s GDP expanded by 0.2% in July, compared to estimates of 0.1%. The US core PCE price index came in lower than expected. Traders are pricing a 50% chance of a massive BoC cut in October. The USD/CAD forecast shows continued weakness in the Canadian dollar due to the prospect of a significant Bank of…
The post USD/CAD Forecast: Loonie Pressured Amid Bets for Oct Rate Cut appeared first on Forex Crunch.
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