Canadian Dollar Weekly Forecast: CAD at the Behest of Crude Oil and Rampant U.S. Dollar - DailyFX

7/16/2022 12:00:00 AM2 years 9 months ago
by Warren Venketas

The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action.

USD/CAD Analysis

  • Hawkish Fed re-pricing weighs on CAD.
  • Demand destruction leaves crude oil muted.
USD/CAD Fundamental Backdrop USD/CAD had a rollercoaster week after the Ba… [+1682 chars]

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