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USD/CAD trades on a softer note below 1.3700 ahead of US PMI data
USD/CAD trades in negative territory for the fifth consecutive day around 1.3695 on Tuesday. The high-for-longer US rate narrative might boost the USD and cap the pair’s downside. Canadian Industrial Produce Prices dropped by 0.8% MoM in March compared to a rise of 1.1% prior, in line with the conse
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DXY outlook: Solid US data lift dollar but risk of deeper correction exists
The dollar regained traction on Thursday, lifted by solid US economic data (weekly jobless claims matched last week’s figure and Philadelphia Fed manufacturing index surged to two year high in April, strongly beating previous release and forecast). The greenback edged higher from one-week low (105.5
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NZD/USD rises toward 0.5950 amid subdued US Dollar, risk-on mood
NZD/USD extends gains as the US Dollar faces challenges on subdued Treasury yields. The latest inflation data from New Zealand offers the RBNZ greater flexibility to consider interest rate cuts. Fed’s Mester acknowledged that the central bank needs additional assurance before confirming the sustaina
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Pull-up Update