USD/CAD Outlook: Loonie Rises on Factory Sales, Fed Cut Looms
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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