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USD/CAD Price Analysis: Investors Cut Bets on Big BoC Hike

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

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Dec 02, 2022, 09:16 am
USD/CAD Price Analysis: Investors Cut Bets on Big BoC Hike

Consumer spending went up in the US in October. Investors are not expecting another big rate hike from the BoC. The chances of a 50bps BoC hike have gone down to 10%. Today’s USD/CAD price analysis is slightly bullish as the Canadian dollar weakens on reduced bets of a big hike by the BoC. The … Continued


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