BoC to cut rates before Fed. Forecast as of 22.04.2024

While Jerome Powell says that the Fed needs more time to beat inflation, his counterpart Tiff Macklem from BoC is satisfied with the progress. He does not rule out a cut in the overnight rate as early as June. Let's discuss this topic and make up a trading plan for USDCAD.Weekly Canadian dollar fundamental forecastThe financial markets can be full of surprises. In 2024, we observed a unique inverse correlation between the Canadian dollar and oil prices, a departure from the usual trend. Typ