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USD/CAD forecast: Jobs in focus as loonie hits 6-month lows

The Canadian dollar hovered at 1.37 against the USD as markets waited for jobs data on Friday; analysts were mostly bullish in their USD/CAD forecasts.
Dollar index at 2-week highs as markets.

Dollar index at 2-week highs as markets look to Q1 rate cuts

On Wednesday, the U.S. dollar index reached a two-week peak, while the euro displayed weakness across various currencies, reflecting the growing market sentiment that the European Central Bank (ECB) may implement interest rate cuts as soon as March.
Canadian dollar

Canadian dollar loses momentum after BoC rate decision

The Canadian dollar appreciated beyond the 1.35 per USD level after the Bank of Canada opted to maintain interest rates at a 22-year peak while signaling a relatively hawkish stance. The decision reversed CAD’s trajectory.
Bank of Canada becomes first G7 cenbank to cut rates this cycle

Bank of Canada cuts rates for first time since March 2020

On Wednesday, the Bank of Canada (BoC) reduced its key policy rate by 25 basis points to 4.75%, marking its first rate cut in just over four years (since March 2020) and becoming the first Group of Seven (G7) central bank to implement such a move.

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