USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI

my USD/CAD forecast

The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to 0.0%. Canadian home sales fell 1.7% in April. The USD/CAD forecast leans bearish as the dollar hovers near recent lows following a disappointing inflation report….

The post USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI appeared first on Forex Crunch.

Source: https://www.forexcrunch.com/blog/2024/05/16/usd-cad-forecast-dollar-struggles-following-downbeat-us-cpi/

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