USD/CAD Price Analysis: Loonie Loses Strength as Inflation Dips

<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>Canada’s annual inflation rate dropped more than anticipated to 3.1%. Money markets have almost completely factored in a BoC rate cut by April. Speculators have boosted their bearish bets on the Canadian dollar. Wednesday’s USD/CAD price analysis painted a bullish picture, influenced by data on Tuesday revealing a decrease in Canada’s inflation. Moreover, investors were…</p>
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