Investors are preparing for the US core personal consumption expenditures data. A rebound in US stocks supported the Canadian dollar on Thursday. Canadian retail sales rose by 0.7% in October compared to September. A bearish tone set in for the USD/CAD outlook as Friday unfolded. The dollar, perched near a four-month low, held its breath…
The post USD/CAD Outlook: Dollar Near 4-Month Low Ahead of Inflation appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/CAD Weekly Forecast: Slowing US Economy Dents Dollar - April 27, 2024
- USD/JPY Price Analysis: BoJ’s Inaction Weakens Yen - April 26, 2024
- GBP/USD Outlook: Dollar Slides on Disappointing GDP Figures - April 26, 2024