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.
Read Full Story
Latest posts by Forex Crunch (see all)
- EUR/USD Price Looking to Pierce 1.08, Eyes on US GDP - March 27, 2024
- USD/CAD Forecast: Bank of Canada Flags Low Productivity - March 27, 2024
- AUD/USD Price Analysis: Australia’s Inflation Below Expectations - March 27, 2024