USD/CAD prints a bearish engulfing candle after protracted uptrend Canadian inflation report provides near-term event risk Markets split on whether BoC will deliver consecutive 50bp cuts Overview The Canadian dollar (USD/CAD) is gaining traction ahead of today’s key inflation report, with USD/CAD signalling a potential reversal to kick off the week. However, whether this momentum...
USD/CAD: Eyes on Inflation Report as Reversal Sets Stage for Further Downside | Investing.com
