my USD/CAD forecast

The dollar plummeted on Friday after a downbeat jobs report. Investors are betting on two rate cuts in 2024, totaling 45 basis points. A Reuters poll trimmed bets for a stronger Canadian dollar this year. The USD/CAD outlook is looking slightly up as the US dollar stages a recovery following Friday’s jobs-driven decline. At the…

The post USD/CAD Outlook: Greenback Recovers Following NFP Losses appeared first on Forex Crunch.

Source: https://www.forexcrunch.com/blog/2024/05/06/usd-cad-outlook-greenback-recovers-following-nfp-losses/