USD/CAD Outlook: Policy Outlook Divergence Weakens Loonie

my USD/CAD forecast

The flash US Composite Output Index jumped from 51.3 to 54.4. Canada’s inflation hit a three-year low of 2.7%. The prospect of higher rates for longer in the US weighed on oil. The USD/CAD outlook points northward as the pair holds near a two-week high on growing policy divergence between the US and Canada. At…

The post USD/CAD Outlook: Policy Outlook Divergence Weakens Loonie appeared first on Forex Crunch.

Source: https://www.forexcrunch.com/blog/2024/05/24/usdcad-outlook-policy-outlook-divergence-weakens-loonie/

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