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USD/CAD hits key resistance ahead of Canadian jobs data
Sentiment has remined somewhat positive with European equity indices firmer after Wall Street recovered from a sharp decline yesterday to close flat. A stronger-than-expected official fix for the yuan has also helped to reduce fears of a currency war, while concerns over the global economy eased slightly by Chinese exports data topping expectations overnight. Consequently, the risk-sensitive Aussie dollar was the strongest among the major currencies, while the euro and pound were are among the weakest, as at 13:00 BST. With crude oil prices also firming up following a 5% plunge the day before, the Canadian dollar was ... (full story)