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USD/CAD Outlook: Dollar Sinks After US Inflation Misses Forecasts

Started by forex4you, Nov 11, 2022, 12:00 pm

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Nov 11, 2022, 12:00 pm
USD/CAD Outlook: Dollar Sinks After US Inflation Misses Forecasts

US inflation figures came in lower than anticipated, fueling speculation of a peak. Markets are now pricing a 71.5% chance of a 50bps rate hike in December. The BoC stated on Thursday that Canada’s booming labor market could withstand an economic downturn. Today’s USD/CAD outlook is bearish. The dollar sank on Friday as US inflation … Continued


The post USD/CAD Outlook: Dollar Sinks After US Inflation Misses Forecasts appeared first on Forex Crunch.


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