USD/CAD Forecast: BoC Raises Rates, Hints for More Hikes

<p>The Bank of Canada raised its key overnight rate by 0.25% to a 22-year high of 5.0%. Investors have placed a 30% probability of another BOC hike in September. The dollar reached its lowest point in over a year after the US inflation report. Today’s USD/CAD forecast is bearish. On Wednesday, the Bank of Canada &#8230; <a href="https://www.forexcrunch.com/usd-cad-forecast-boc-raises-rates-hints-for-more-hikes/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://www.forexcrunch.com/usd-cad-forecast-boc-raises-rates-hints-for-more-hikes/">USD/CAD Forecast: BoC Raises Rates, Hints for More Hikes</a> appeared first on <a rel="nofollow" href="https://www.forexcrunch.com">Forex Crunch</a>.</p>