USD/CAD Forecast: Interest Rate Worries Fuel Dollar Demand

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>Fed officials warned the markets about the potential for additional interest rate hikes. Fed Chair Jerome Powell will deliver a speech on Thursday. The Canadian dollar strengthened on Wednesday with rising oil prices. The current USD/CAD forecast is bullish amid growing apprehensions about persistently elevated interest rates, which have driven investors to find safety in…</p>
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