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The US Dollar is grasping on to support as we near some significant headline risk that could be pertinent to the Greenback. Tomorrow brings a Bank of Canada rate decision with a high probability of a rate cut; and a rate cut has long been expected for the ECB meeting the day after. Non-farm Payrolls is of interest, as it was last month’s headline miss, the ...
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Traders are bracing for weakness in the Canadian dollar amid wagers that local policymakers will likely reduce interest rates before their peers at the U.S. Federal Reserve. That rate differential — which some on Wall Street expect to widen when the Bank of Canada meets on Wednesday — is already fueling one of the worst performances among Group-of-10 ...
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