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USD/CAD Weekly Forecast: Markets Expecting 25bps BoC Hike

Started by forex4you, Jan 22, 2023, 11:57 am

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Jan 22, 2023, 11:57 am
USD/CAD Weekly Forecast: Markets Expecting 25bps BoC Hike

Retail sales and housing data from the US pointed to a slowing economy. Canadian retail sales rebounded in December. There is a 70% probability of a 25bps rate hike from the BoC. The USD/CAD weekly forecast is bearish as investors expect another rate hike from the Bank of Canada owing to the positive economic data. … Continued


The post USD/CAD Weekly Forecast: Markets Expecting 25bps BoC Hike appeared first on Forex Crunch.


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