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USD/CAD Outlook: Dollar Dips amid Powell, Poor Economic Data

Started by forex4you, Dec 02, 2022, 09:16 am

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USD/CAD Outlook: Dollar Dips amid Powell, Poor Economic Data

Powell stated that the Fed might start slowing rate hikes as soon as December. Fed funds futures traders expect the Fed funds rate to peak at 4.95% in May. ADP National Employment report revealed that US private payroll growth in November was far less than anticipated. Today’s USD/CAD outlook is bearish as the dollar extends … Continued


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