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USD/CAD Forecast: Powell Confirms Rate Hike Cycle’s Continuity

Started by forex4you, Mar 13, 2023, 08:29 am

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Mar 13, 2023, 08:29 am
USD/CAD Forecast: Powell Confirms Rate Hike Cycle's Continuity

Federal Reserve Chair Jerome Powell expressed concern over strong inflation. Investors expect the Canadian central bank to maintain rates at their current levels. Traders now expect a 50 basis point US rate hike in March. Today's USD/CAD forecast is bullish. On Wednesday, the dollar reached multi-month highs versus most of the world’s major currencies. Federal … Continued


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