USD/CAD Outlook: Pressured as Soft US Inflation Weighs on the Dollar

my USD/CAD forecast

The USD/CAD outlook remains under pressure amid a cooling US CPI data. BoC’s paused easing cycle and stable crude oil prices continue to support the CAD. Market participants now await Canada’s retail sales report for fresh impetus. USD/CAD is under pressure as weaker US inflation data weighs down the dollar. The pair has been trading…

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