USD/CAD Forecast: BoC Raises Rates, Hints for More Hikes
The Bank of Canada raised its key overnight rate by 0.25% to a 22-year high of 5.0%. Investors have placed a 30% probability of another BOC hike in September. The dollar reached its lowest point in over a year after the US inflation report. Today’s USD/CAD forecast is bearish. On Wednesday, the Bank of Canada … Continued The post USD/CAD Forecast: BoC Raises Rates, Hints for More Hikes appeared first on Forex Crunch.
The Bank of Canada raised its key overnight rate by 0.25% to a 22-year high of 5.0%. Investors have placed a 30% probability of another BOC hike in September. The dollar reached its lowest point in over a year after the US inflation report. Today’s USD/CAD forecast is bearish. On Wednesday, the Bank of Canada … Continued
The post USD/CAD Forecast: BoC Raises Rates, Hints for More Hikes appeared first on Forex Crunch.
