USD/CAD Price Analysis: Dollar Stays Firm on Eve of Inflation Data

<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 has risen by 1% this month, recovering from a 2% drop in December. The Canadian dollar weakened to a nearly four-week low on Tuesday. Data from Canada revealed a narrowing trade surplus to C$1.6 billion in November. Wednesday’s USD/CAD price analysis painted a bullish picture, with the dollar holding its ground in a…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/10/usd-cad-price-analysis-dollar-stays-firm-on-eve-of-inflation-data/">USD/CAD Price Analysis: Dollar Stays Firm on Eve of Inflation Data</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>