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club Felene

USD/CAD Forecast: Traders Lock Profits Ahead of BoC Meeting

by Forex Crunch
October 23, 2024
in Forex Analysis
Reading Time: 1 min read

The USD/CAD pair had a steep rally in October. Canada’s inflation has eased significantly, increasing bets for a super-sized BoC rate cut. Oil rose due to an improving demand outlook in China. The USD/CAD forecast suggests profit-taking after a strong rally, with the pair easing ahead of the crucial Bank of Canada policy meeting. At…
The post USD/CAD Forecast: Traders Lock Profits Ahead of BoC Meeting appeared first on Forex Crunch.
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