USD/CAD Price Analysis: Fed Rate Cut Bets Lower, Eyes on NFP

<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>Markets expect the employment figures to show an additional 170,000 US jobs in December. Data revealed the seventh consecutive monthly contraction in Canada’s service sector. The Canadian dollar was weaker due to a decline in oil prices. The USD/CAD price analysis on Friday showed a bullish mood sparked by a stronger dollar due to reduced…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/05/usd-cad-price-analysis-fed-rate-cut-bets-lower-eyes-on-nfp/">USD/CAD Price Analysis: Fed Rate Cut Bets Lower, Eyes on NFP</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>