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USDCAD Tumbles as USD Weakness and Oil Surge Boost Loonie Ahead of BoC Cut

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The Story

News Summary

  • The Canadian dollar rose to a two-week high as broad U.S.
  • dollar weakness and a rise in oil supported the loonie; Canada's inflation stayed below forecasts, reinforcing market bets on a BoC rate cut and pushing bond yields lower.
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Stored market data

USDCAD price history

1.39 +0.72% over the displayed period

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