The USD/CAD outlook indicates unexpected strength in Canada’s economy. The outlook for Canada’s economy remains gloomy. PCE data revealed a decline in US consumer spending. The USD/CAD outlook indicates unexpected strength in Canada’s economy that has paused the loonie’s recent decline. However, the outlook for the currency remains bleak as market participants expect Trump’s tariffs…
The post USD/CAD Outlook: CAD Steadies as Canada’s GDP Surprises appeared first on Forex Crunch.
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Moody’s Cuts US Credit Rating to Aa1
Moody's has downgraded the United States' credit rating by one level, shifting from Aaa to Aa1, citing concerns about escalating...