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club Felene

USD/CAD Weekly Forecast: Traders Brace for a Major BoC Cut

by Forex Crunch
October 19, 2024
in Forex Analysis
Reading Time: 1 min read

The dollar strengthened amid increased bets of a Trump presidency. Data from the US showed an unexpected jump in retail sales. Traders expect the Bank of Canada to implement a 50-bps rate cut next week. The USD/CAD weekly forecast indicates solid bullish sentiment as traders price in a supersized BoC rate cut. Also, WTI prices…
The post USD/CAD Weekly Forecast: Traders Brace for a Major BoC Cut appeared first on Forex Crunch.
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