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USDCAD Soars as Strong US Jobs and BoC Cut Boost Dollar Momentum

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The Story

News Summary

  • USDCAD rallied after stronger-than-expected US jobless claims and a BoC rate cut; markets repriced Fed expectations, boosting the dollar.
  • Technicals show a breakout above August highs, targeting 1.4017 with bullish trendlines across timeframes.
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USDCAD price history

1.39 +0.72% over the displayed period

Advisor Snapshot

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