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USD/CAD Outlook: Downbeat Data Weakens Canadian Dollar

by Forex Crunch
November 11, 2024
in Forex Analysis
Reading Time: 1 min read

Data revealed that Canada’s economy added only 14,500 jobs. Market participants are pricing a 60% chance of a 50-bps BoC rate cut in December. Traders eagerly await US inflation data this week. The USD/CAD outlook suggests an extension of the move on Friday as the Canadian dollar remains weak after downbeat data. Meanwhile, the greenback…
The post USD/CAD Outlook: Downbeat Data Weakens Canadian Dollar appeared first on Forex Crunch.
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