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USDCAD Soars on Strong US Jobs and Yield Spread as BoC Holds Steady

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The Story

News Summary

  • The Canadian dollar fell from 16-month highs due to stronger US labor data and yield gains, while weaker Canadian jobs data and cautious BoC stance reduced loonie demand, favoring the US dollar in a near-term rate differential-driven move.
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Stored market data

USDCAD price history

1.39 +0.72% over the displayed period

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