Loonie loses against the US dollar. Forecast as of 18.10.2024

The USDCAD's best winning streak since 2017 has not met the Reuters experts' forecasts, predicting the strengthening of the loonie. This was due to the Bank of Canada's intention to bring the rate to a neutral level as soon as possible. Let's discuss this topic and make a trading plan.Highlights and key points The USDCAD pair marked its best winning streak since 2017. Canadian inflation fell below the target for the first time in three years. The BoC is required to cut the overnight rate by 50 b