USD/CAD Forecast: CAD Strongly Hit by Lower Rate Hike Bets

<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;" 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>The Canadian dollar saw its most significant monthly depreciation against the dollar on Friday. Investors reduced their expectations of another BOC interest rate hike. Canadian GDP contracted at an annualized rate of 0.2% in Q2. Today’s USD/CAD forecast is bullish. On Monday, the Canadian dollar strengthened slightly against the dollar. However, it remained near lows…</p>
<p>The post <a rel="nofollow" href="https://www.forexcrunch.com/usd-cad-forecast-cad-strongly-hit-by-lower-rate-hike-bets/">USD/CAD Forecast: CAD Strongly Hit by Lower Rate Hike Bets</a> appeared first on <a rel="nofollow" href="https://www.forexcrunch.com">Forex Crunch</a>.</p>