Loonie relies on Fed. Forecast as of 26.01.2022

The Canadian dollar is affected by controversial drivers. A drop in the US stock indexes presses the CAD down, while the rise in the oil prices supports it. In such an environment, the verdicts of the Bank of Canada and the Fed could be decisive for USDCAD and EURCAD.

Fundamental Canadian dollar forecast today

Not only is the Fed trying to curb inflation growth, but other world's leading central banks as well. Canadian consumer price inflation accelerated in December from 4.7% to 4.8%, which is the highest level since 1991. The BoC has only ended the QE so far, while… Read full author’s opinion and review in blog of #LiteForex