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USD/CAD Outlook: Tight Labor Market Hinting BoC Hikes

Started by forex4you, Jan 09, 2023, 01:05 pm

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Jan 09, 2023, 01:05 pm
USD/CAD Outlook: Tight Labor Market Hinting BoC Hikes

Wage growth slowed in the US, renewing hopes of a Fed pause. The Canadian economy added a significant number of jobs in December. There is a high chance that the BoC will hike rates by 25bps. Today's USD/CAD outlook is bearish as the pair extends Friday's move. The loonie rose on Friday after a major … Continued


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