USD/CAD Price Analysis: Dollar Firms Up, Awaits Fed Decision

<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;" 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>Investors believe the Fed will hold rates steady at 5.25% to 5.50%. Futures markets are currently pricing a 30% chance of a 25bps Fed hike in November. On Tuesday, the Canadian dollar strengthened to a six-week high against the US dollar. Today’s USD/CAD price analysis is bullish as investors move to the dollar ahead of…</p>
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