USD/CAD Extends Its Losses On Upbeat Crude Prices, Edges Lower To Near 1.3450
February 08, 2024 at 05:29 AM EST
USD/CAD loses ground despite the hawkish Fed stance on interest rate trajectory. WTI price strengthens as Israel has rejected Hamas' proposal for a ceasefire. BoC projects that Canadian inflation will persist above 2% until sometime in 2025.
