Canada’s manufacturing PMI rose from 51.1 to 52.0 in November. The US manufacturing PMI rose to 48.4 after a previous reading of 46.5. US unemployment might increase in November. The USD/CAD outlook shows stronger-than-expected business activity in Canada’s manufacturing sector which is supporting the loonie. Meanwhile, the dollar eased slightly as market participants awaited more…
The post USD/CAD Outlook: Manufacturing Surge Bolsters Loonie appeared first on Forex Crunch.
Read Full Story
- EUR/USD Outlook: Trump’s Attacks on Powell Weigh on Dollar - April 22, 2025
- GBP/USD Price Analysis: More Upside as Greenback Falters - April 22, 2025
- EUR/USD Outlook: Dollar Takes a Hit as White House Targets Fed - April 21, 2025