USD/CAD Outlook: Tight Labor Market Hinting BoC Hikes
Wage growth slowed in the US, renewing hopes of a Fed pause. The Canadian economy added a significant number of jobs in December. There is a high chance that the BoC will hike rates by 25bps. Today’s USD/CAD outlook is bearish as the pair extends Friday’s move. The loonie rose on Friday after a major … Continued The post USD/CAD Outlook: Tight Labor Market Hinting BoC Hikes appeared first on Forex Crunch.
Wage growth slowed in the US, renewing hopes of a Fed pause. The Canadian economy added a significant number of jobs in December. There is a high chance that the BoC will hike rates by 25bps. Today’s USD/CAD outlook is bearish as the pair extends Friday’s move. The loonie rose on Friday after a major … Continued
The post USD/CAD Outlook: Tight Labor Market Hinting BoC Hikes appeared first on Forex Crunch.
