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USD/CAD forecast as DXY index crashes ahead of BoC decision
- The USD/CAD exchange rate has plunged this year as the US dollar crashed.
- The Bank of Canada will publish its interest rate decision next week.
- Technicals point to a further USDCAD crash as concerns about the USD remain.
The USD/CAD exchange rate has crashed in the past few days and is now hovering at its lowest level since November last year. It has plunged by over 6.3% from its highest level in 2024 as the focus shifts to the upcoming Bank of Canada (BoC) decision and Canadian inflation data. Concerns about the US […]
April 12, 2025