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club Felene

USD/CAD Outlook: Manufacturing Surge Bolsters Loonie

by Forex Crunch
December 3, 2024
in Forex Analysis
Reading Time: 1 min read

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.
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