Powell stated that the Fed might start slowing rate hikes as soon as December. Fed funds futures traders expect the Fed funds rate to peak at 4.95% in May. ADP National Employment report revealed that US private payroll growth in November was far less than anticipated. Today’s USD/CAD outlook is bearish as the dollar extends … Continued
The post USD/CAD Outlook: Dollar Dips amid Powell, Poor Economic Data appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- Gold Price Around Key Support, Focus at FOMC, US NFP - January 30, 2023
- USD/JPY Outlook: Tokyo’s Consumer Inflation Climbs to 42-Yr High - January 30, 2023
- EUR/USD Forecast: Euro on Course for a 4th Monthly Gain of 1.5% - January 30, 2023
