The Canadian dollar strengthened due to a rally in oil prices. US consumer confidence soared and the economy expanded at a faster-than-expected rate. Canada’s economy showed no expansion, missing expectations for a 0.1% growth. The USD/CAD weekly forecast leans bullish amid economic divergence between Canada and the US. Correcting oil prices could also weigh on…
The post USD/CAD Weekly Forecast: Weak Economy Weighs on CAD appeared first on Forex Crunch.
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