US data showed softening wage pressure. The US central bank is set to increase interest rates by 25 basis points. Canada’s economy likely stalled in December after expanding somewhat in November. Today’s USD/CAD price analysis is bearish. With investors eagerly expecting the outcome of a Federal Reserve policy meeting, the dollar was generally weak versus … Continued
The post USD/CAD Price Analysis: Canada’s Economy Edged Up in Nov appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/JPY Outlook: Cost Pressure Remains Despite Eased Inflation - March 24, 2023
- EUR/USD Price Tumbles as Dollar Soars, Focus on Key Data - March 24, 2023
- GBP/USD Price Analysis: Pound Falls After BOE’s Dovish Rate Hike - March 24, 2023