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USD/CAD edges lower on softer USD, lacks follow-through amid bearish Oil prices
The USD/CAD pair ticks lower during the Asian session on Thursday and for now, seems to have snapped a three-day winning streak to a weekly high, around the 1.3815 region touched the previous day. Spot prices currently trade below the 1.3800 mark, though the fundamental backdrop warrants some caution for bearish traders and before positioning for any meaningful depreciating move. Growing acceptance that the Federal Reserve (Fed) is nearing the end of its policy tightening campaign leads to a further decline in the US Treasury bond yields and keeps the US Dollar (USD) bulls on the defensive. This, in turn, is seen ... (full story)