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USD/CAD Weekly Forecast: Fed-BoC Divergence Triggers Bulls

by Forex Crunch
December 21, 2024
in Forex Analysis
Reading Time: 1 min read

US data on sales, business activity and GDP growth all revealed a robust economy. Canada’s inflation rose more than expected, but sales missed forecasts. Fed policymakers forecast fewer-than-expected rate cuts in 2025. The USD/CAD weekly forecast shows a divergence in policies between the Fed and the BoC that has hurt the loonie. Ups and downs…
The post USD/CAD Weekly Forecast: Fed-BoC Divergence Triggers Bulls appeared first on Forex Crunch.
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