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USD/CAD Forecast: Pair Retreats After Reaching New Peaks

by Forex Crunch
October 24, 2024
in Forex Analysis
Reading Time: 1 min read

The Bank of Canada cut interest rates by 50-bps on Wednesday. Oil rose nearly 1% early on Thursday after Hezbollah hit Israel with missiles. The greenback remained steady as market participants waited for the November US presidential election. The USD/CAD forecast shows a pullback after the pair made new highs. The Canadian dollar dropped to…
The post USD/CAD Forecast: Pair Retreats After Reaching New Peaks appeared first on Forex Crunch.
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