The Canadian Dollar (CAD) is broadly higher on Friday, but gains are capped after softer-than-expected prints in Canadian economic data.
Broad-market risk appetite recovers on Friday as US PCE inflation eases. Canada saw a weaker-than-expected rebound in GDP . US PCE inflation cooled further, fueling rate cut hopes. The Canadian Dollar is broadly higher on Friday, but gains are capped after softer-than-expected prints in Canadian economic data.
3630 region as the pair hangs on the low end of a near-term congestion pattern. Shortside momentum continues to struggle to find territory near 1.3600, but bidders have been unable to drag prices back above 1.3750.
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Canadian Dollar gains ground as Greenback recedes on ThursdayThe Canadian Dollar (CAD) found some bids on Thursday after investors’ risk-appetite stepped up, bolstering markets out of safe-havens like the US Dollar (USD).
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Canadian Dollar gains ground against softening Greenback as US CPI inflation coolsThe Canadian Dollar (CAD) is broadly softer on Wednesday as one of the day’s weakest performers, but the CAD will have to settle for second-worst as the US Dollar (USD) broadly retreats following a cooler-than-expected print of US Consumer Price Index (CPI) inflation.
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Canadian Dollar gains ground against holiday-weakened GreenbackThe Canadian Dollar (CAD) is mixed on Monday, climbing against the US Dollar (USD) thanks to a quiet US market session.
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Canadian Dollar adds to losses on thin Wednesday as Greenback reboundsThe Canadian Dollar is softening across the board on Wednesday, shedding weight as the safe haven Greenback catches a broad-market bid.
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Canadian Dollar rebounds as market sentiment recovers, Greenback softensThe Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.
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