The Loonie is to step aside. Forecast as of 20.12.2023

The USDCAD trend depends on which central bank will be the first to ease monetary policy. The release of Canadian inflation data showed that the Fed, not the BoC, is more likely to start monetary expansion first. Let us discuss the Forex outlook and make up a USDCAD trading plan for the week.

Weekly Canadian dollar fundamental forecast

Business before pleasure! It would seem that the end of monetary tightening cycles gives central banks the opportunity to wait and see while assessing the consequences of their actions. However, the markets expect lowering interest rates. Before the release of the Canadian… Read full author’s opinion and review in blog of #LiteFinance