Several policymakers gave reasons why there was no hurry to lower interest rates. Oil prices rose due to signs that Middle East tensions will likely continue. Canada’s economy recorded a surprise deficit in January as exports fell and imports rose. Thursday’s USD/CAD outlook was slightly bullish as the US dollar strengthened after policymakers continued to…
The post USD/CAD Outlook: US Dollar Rises as Rate Cut Bets Fade 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