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USD/CAD Outlook: USD Rally Takes Breather, Eying Core PCE, CAD GDP

Started by forex4you, Apr 30, 2022, 06:43 am

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Apr 30, 2022, 06:43 am
USD/CAD Outlook: USD Rally Takes Breather, Eying Core PCE, CAD GDP

USD/CAD was aggressively sold on Friday due to several factors. The rising oil price supported the Canadian dollar and put pressure on the weakening US dollar. Inflation data for the US and Canada are expected to provide significant momentum for traders. During the European session, the USD/CAD outlook fell to a three-day low near 1.2725, … Continued


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