Loonie is the winner. Forecast as of 19.09.2023

The oil price rally is not the only factor pressing down the USDCAD and the EURCAD. Markets expect the Bank of Canada to resume its rate-hiking cycle. Let us discuss the Forex outlook and make up a trading plan for the week. 

Weekly Canadian dollar fundamental forecast

While markets are weighing whether the Fed will make another rate hike or call it a day, the Bank of Canada does not rule out resuming the monetary tightening cycle. Together with the rapid rally in oil, this circumstance turns the Loonie into the best performer in Forex. USDCAD price has fallen to… Read full author’s opinion and review in blog of #LiteFinance