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USD/CAD Price May Drop, Euro Braces for New Trump EU Trade Probe?

From dailyfx.com

The Canadian Dollar was one of the best performing majors on Thursday, sending USD/CAD lower despite some strength in the US Dollar. Bank of Canada’s Governor Stephen Poloz spoke and noted that the central bank thinks that monetary conditions are “about right”. This helped cool January rate cut expectations, which prior to his speech, were hovering around 54 percent probability. They have cooled to about 43% odds. The worst-performing majors were the sentiment-linked Australian and New Zealand Dollars. AUD/USD and NZD/USD fell alongside the S&P 500 during Wall Street trade. Tensions remained elevated about a ... (full story)

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  • Category: Technical Analysis