USD/CAD Outlook: Pair Holds Steady on a Public Holiday

<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" fetchpriority="high" 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 unexpected decline in US producer prices led to a decline in Treasury yields. There is a 78% chance of the US central bank starting rate cuts in March. The currency experienced a 0.2% increase last week, marking its second consecutive weekly gain. Monday’s USD/CAD outlook displayed a hint of optimism, yet the pair remained…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/15/usd-cad-outlook-pair-holds-steady-on-a-public-holiday/">USD/CAD Outlook: Pair Holds Steady on a Public Holiday</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>