The US recorded a smaller-than-expected 7.67M job vacancies in July. Investors raised the likelihood of a 50 bps Fed rate cut to 45%. The Bank of Canada cut rates by 25 bps on Wednesday as expected. The USD/CAD forecast points to renewed dollar weakness after downbeat data raised the likelihood of a super-sized September Fed…
The post USD/CAD Forecast: Odds for 50-bps Cut After Dismal Jobs Data appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/CAD Outlook: Indecision Ahead of Canada’s CPI, FOMC - September 17, 2024
- EUR/USD Outlook: ECB Unclear on Rate Cuts, Eyes on FOMC - September 16, 2024
- USD/JPY Forecast: 140.0 Broken Amid Rising Fed Rate Bets - September 16, 2024
