USD/CAD Price Analysis: Investors Reevaluate BoC Rate Cuts

<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>Data revealed that Canada’s inflation held steady in November. The likelihood of a BoC cut next month fell to 16.0% from 21.4%. Raphael Bostic restated on Tuesday that he anticipated two Fed rate cuts in the latter half of the year. Wednesday’s USD/CAD price analysis revealed a bearish sentiment as investors adjusted their expectations, stepping…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/20/usd-cad-price-analysis-investors-reevaluate-boc-rate-cuts/">USD/CAD Price Analysis: Investors Reevaluate BoC Rate Cuts</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>