The Fed cut rates by 50-bps, starting its easing cycle with a bang. Canada’s inflation eased more than expected on a monthly basis. Retail sales in Canada jumped, showing solid consumer spending. The USD/CAD weekly forecast shows a slow decline as the Fed follows the Bank of Canada in lowering borrowing costs. Ups and downs…
The post USD/CAD Weekly Forecast: Fed Joins BoC in Rate Cut Race appeared first on Forex Crunch.
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