USD/CAD Outlook: Dollar Pauses Rally Amid Profit Taking
The dollar retreated on Tuesday as investors paused after a steep rally. Hawkish Fed remarks that changed the outlook for rate cuts in the US. Recent inflation data from Canada revealed a decline in price increases. The USD/CAD outlook points to a temporary downtrend as investors take profits on their long dollar positions. Moreover, the... The post USD/CAD Outlook: Dollar Pauses Rally Amid Profit Taking appeared first on Forex Crunch.
The dollar retreated on Tuesday as investors paused after a steep rally. Hawkish Fed remarks that changed the outlook for rate cuts in the US. Recent inflation data from Canada revealed a decline in price increases. The USD/CAD outlook points to a temporary downtrend as investors take profits on their long dollar positions. Moreover, the...
The post USD/CAD Outlook: Dollar Pauses Rally Amid Profit Taking appeared first on Forex Crunch.
