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USD/CAD Outlook: US Inflation to Soften Decline in Commodity Prices

Investors expect some easing in US inflation According to GDP data, the US is in a recession. Primary commodities continue declining, easing price pressures. Today’s USD/CAD outlook is slightly bullish as investors focus on today’s inflation data after last week’s shocking US jobs report. The chances of a 75-basis-point rate hike in September are again … Continued
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