The USD/CAD outlook stays positive near 1.3950 amid cautious sentiment.  The dollar stays pressured due to the ongoing US government shutdown and dovish Fed rate cuts.  The Canadian dollar strengthens due to stable oil prices and a balanced BoC Outlook.   The USD/CAD outlook maintains a positive stance as the pair holds near 1.3950, signaling minimal...

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The USD/CAD weekly forecast exhibits a bullish trend, with the U.S. dollar maintaining a slight advantage over the Canadian dollar. The price level is testing the resistance level at 1.3969. In the event of a breach, it could rise to 1.400. Higher U.S. Treasury yield, elevated inflation, and oil prices balance each other, keeping the...

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The USD/CAD outlook remains slightly negative despite a looming BOC rate cut. The US government shutdown poses a significant risk for dollar depreciation. Markets now closely watch the JOLTS job openings report, along with the Fed’s speech, for further guidance. The USD/CAD outlook remains steady above 1.3900 on Tuesday, following a softer start to the...

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The USD/CAD forecast indicates a brief rebound in the pair ahead of policy meetings. US retail sales rose by 0.6%, well above the estimate of a 0.2% increase. Data from Canada showed that inflation eased by 0.1%. The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and...

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The USD/CAD outlook suggests resilience in Canada’s manufacturing sector. Canada’s factory sales expanded by 2.5% compared to the forecast of 1.8%. The Fed will likely cut rates by 25-bps. The USD/CAD outlook suggests resilience in Canada’s manufacturing sector despite tariff uncertainty. As a result, the Canadian dollar has rallied since the previous session despite expectations...

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The USD/CAD forecast shows the dollar in a vulnerable position ahead of the Fed meeting. Market participants are almost fully pricing a 25-bps Fed rate cut. The BoC is also facing pressure to cut rates this week. The USD/CAD forecast shows the dollar in a vulnerable position as markets prepare for a likely Fed rate...

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The USD/CAD weekly forecast is neutral as markets prepare for rate cuts in Canada and the US. The Bank of Canada is under pressure to lower borrowing costs due to the weak labor market. Data revealed slightly hotter-than-expected US consumer inflation. The USD/CAD weekly forecast is neutral as markets prepare for rate cuts from the...

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The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. Market participants are eagerly awaiting the US CPI report. Data on Wednesday revealed that US wholesale inflation eased by 0.1%. The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. The dollar regained some of its shine...

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The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a...

The post USD/CAD Outlook: Loonie Recovers as Focus Shifts to Fed appeared first on Forex Crunch.

The USD/CAD outlook suggests growing concerns about the US labor market. Private employment in the US increased by 54,000 in August. The Fed will likely be more dovish than the Bank of Canada in the future. The USD/CAD outlook suggests growing concerns about the US labor market, which is driving up expectations for a Fed...

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