USD/CAD Outlook: Dollar Near 4-Month Low Ahead of Inflation

<div><img width="1024" height="746" src="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png" class="type:primaryImage wp-post-image" alt="my GBP/USD forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png 1024w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-300×219.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-150×109.png 150w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></div>
<p>Investors are preparing for the US core personal consumption expenditures data. A rebound in US stocks supported the Canadian dollar on Thursday. Canadian retail sales rose by 0.7% in October compared to September. A bearish tone set in for the USD/CAD outlook as Friday unfolded. The dollar, perched near a four-month low, held its breath…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/22/usd-cad-outlook-dollar-near-4-month-low-ahead-of-inflation/">USD/CAD Outlook: Dollar Near 4-Month Low Ahead of Inflation</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>