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USD/CAD Forecast: Loonie Plunging amid Weak USD, Higher Oil Prices

Started by forex4you, Oct 06, 2022, 08:03 am

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Oct 06, 2022, 08:03 am
USD/CAD Forecast: Loonie Plunging amid Weak USD, Higher Oil Prices

US job openings decreased significantly in August. The US labor market might be starting to loosen amid higher interest rates. Oil prices are on the rise due to possible supply cuts from OPEC+. Today’s USD/CAD forecast is bearish as data released yesterday showed a cooling in the US labor market due to higher interest rates. … Continued


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