USD/CAD Outlook: Investors Brace for the BoC Meeting

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>Investors assessed the possibility of a more dovish stance from the Bank of Canada. The Bank of Canada will likely hold its key overnight rate at a 22-year high of 5% on Wednesday. Money markets expect a 25 basis point cut by June. Tuesday’s USD/CAD outlook displayed a bullish stance, with the pair lingering close…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/23/usd-cad-outlook-investors-brace-for-the-boc-meeting/">USD/CAD Outlook: Investors Brace for the BoC Meeting</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>