Bostic decides the fate of USDCAD: decline or reversal
Bostic’s speech could trigger a decline in USDCAD quotes towards 1.3610. Discover more in our analysis for 30 June 2025.
USDCAD forecast: key trading points
The Canadian government cancelled the digital tax
Speech by Federal Open Market Committee (FOMC) member Raphael W. Bostic
USDCAD forecast for 30 June 2025: 1.3610
Fundamental analysis
Today’s forecast for USDCAD is optimistic for CAD. As part of the resumption of broad trade negotiations between the US and Canada, the Canadian government cancelled the digital tax, thus taking a step towards the US. Against this backdrop, the Canadian dollar continues to strengthen.
The USDCAD forecast also considers that Federal Open Market Committee (FOMC) member Bostic will give a speech, which may influence the USDCAD rate.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team