USD/CAD Outlook: Dollar Weakens Amid Fed Rate Cut 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" 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>The Canadian dollar strengthened after the Fed signaled looming rate cuts. Economists predict a slowdown in Canada’s inflation to an annual rate of 2.9%. Oil rose due to attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea. Tuesday’s USD/CAD outlook was bearish as the resilient Canadian dollar took the spotlight,…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/19/usd-cad-outlook-dollar-weakens-amid-fed-rate-cut-bets/">USD/CAD Outlook: Dollar Weakens Amid Fed Rate Cut Bets</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>