Loonie gets no support from BoC. Forecast as of 11.06.2024

Canada was the first G7 country to cut its key interest rate. Its economy shows more sensitivity to aggressive monetary restriction in 2022-2023 than its US counterpart. Let's talk about this topic and make a trading plan for USDCAD.Weekly Canadian dollar fundamental forecastBuy the rumor, sell the fact. This principle helped correctly predict the USDCAD reaction to the start of monetary expansion in Canada. Before the June BoC meeting, the futures market gave such an outcome an 84% probabi