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USD/CAD Outlook: Oil Dip, Strong Dollar Urge for a Rally

by Forex Crunch
October 15, 2024
in Forex Analysis
Reading Time: 1 min read

The US dollar has risen recently due to a shift in the outlook for Fed policy. The Loonie plunged as oil prices dipped 3%. Traders are gearing up for Canada’s inflation data. The USD/CAD outlook shows fundamentals that support further upside for the pair. Fed policymakers have assumed a more cautious tone due to upbeat…
The post USD/CAD Outlook: Oil Dip, Strong Dollar Urge for a Rally appeared first on Forex Crunch.
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