USD/CAD Forecast: Loonie Gains on Upbeat Oil Demand
The EIA updated its demand growth forecasts to project a more positive outlook. A bigger-than-expected drop in US crude oil inventories signaled rising demand. Investors are positioning themselves for the US Consumer Price Index report and the Fed meeting. The USD/CAD forecast is bearish, with the Canadian dollar benefitting from an improved demand outlook for... The post USD/CAD Forecast: Loonie Gains on Upbeat Oil Demand appeared first on Forex Crunch.
The EIA updated its demand growth forecasts to project a more positive outlook. A bigger-than-expected drop in US crude oil inventories signaled rising demand. Investors are positioning themselves for the US Consumer Price Index report and the Fed meeting. The USD/CAD forecast is bearish, with the Canadian dollar benefitting from an improved demand outlook for...
The post USD/CAD Forecast: Loonie Gains on Upbeat Oil Demand appeared first on Forex Crunch.
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