Fundamental OverviewThe USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be generally positive for risk sentiment going forward.The CAD, on the other hand, has been gaining ground against the greenback probably on the back of the better risk picture. Today, we have the Canadian CPI data and that will definitely move the Loonie. The market is already pricing around 65% chance of another BoC rate cut in July and today’s data might seal those expectations. That could weigh on
Hence then, the article about usdcad technical analysis a look at the chart ahead of the canadian cpi was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI )