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USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone

by Forex Crunch
December 12, 2024
in Forex Analysis
Reading Time: 1 min read

The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in line with expectations. Traders increased the likelihood of a December Fed rate cut from 85% to 97%. The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy…
The post USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone appeared first on Forex Crunch.
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