Loonie: bears are being persistent. Forecast as of 27.02.2024

Will the Fed be the first to cut rates, or will the Bank of Canada get ahead of it? Who benefits more from the oil rally, USDCAD bulls or bears? Let us discuss this topic and make up a trading plan.Weekly Canadian dollar fundamental forecastThe Canadian dollar looks strong due to its proximity to the US economy, Canada's main market for goods. According to Scotiabank, this strength will allow the Bank of Canada to begin cutting rates in the third quarter rather than in the second