USD/CAD Forecast: Dollar Gains as Market Brace for US Inflation

<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" style="margin-bottom: 15px;" decoding="async" 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>A rebound in US Treasury yields supported a rally in the dollar. Data revealed stronger-than-expected US employment and wage growth in December. Canada’s economy added only 100 jobs in December. The USD/CAD forecast points northward as investor sentiment tilts towards caution, with all eyes on a pivotal US inflation report scheduled later in the week….</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/08/usd-cad-forecast-dollar-gains-as-market-brace-for-us-inflation/">USD/CAD Forecast: Dollar Gains as Market Brace for US Inflation</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>