USD/CAD Forecast: Dollar Holds Near 6-Week High Ahead of GDP

<div><img width="400" height="267" src="" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" srcset=" 400w,×200.jpg 300w,×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>The fourth-quarter US gross domestic product will likely reveal a 2% annualized growth. On Wednesday, the Bank of Canada maintained its key overnight rate at 5%. Money markets fully anticipate a 25 basis point BoC rate cut in June. Thursday’s USD/CAD forecast hinted at bullish prospects, with the dollar standing resilient near a six-week high….</p>
<p>The post <a href="">USD/CAD Forecast: Dollar Holds Near 6-Week High Ahead of GDP</a> appeared first on <a href="">Forex Crunch</a>.</p>

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