Retail sales and housing data from the US pointed to a slowing economy. Canadian retail sales rebounded in December. There is a 70% probability of a 25bps rate hike from the BoC. The USD/CAD weekly forecast is bearish as investors expect another rate hike from the Bank of Canada owing to the positive economic data. … Continued
The post USD/CAD Weekly Forecast: Markets Expecting 25bps BoC Hike appeared first on Forex Crunch.
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