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USD/CAD Weekly Forecast: Plummets on US Jobs Data, Eying US CPI

Started by forex4you, Nov 06, 2022, 08:51 am

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USD/CAD Weekly Forecast: Plummets on US Jobs Data, Eying US CPI

The Fed raised rates on Wednesday by a massive 75bps. The US posted a mixed job report that showed signs the labor market might be cooling. Canada posted massive job growth, ten times higher than the forecast. The USD/CAD weekly forecast is bearish as the pair will likely extend Friday's losses into next week. The … Continued


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