USD/CAD Price Analysis: Dollar Poised for Significant Monthly Gain

<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 dollar is on track for its most significant monthly gain since September. Investors will closely watch for any hints from Fed Chair Jerome Powell regarding the possibility of a rate cut in March. Analysts predict that Canadian GDP will show a 0.1% increase in November. In today’s USD/CAD price analysis, the scales tilt slightly…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/31/usd-cad-price-analysis-dollar-poised-for-significant-monthly-gain/">USD/CAD Price Analysis: Dollar Poised for Significant Monthly Gain</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>