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US Dollar Plummets on Weak Jobs Data; USDCAD Faces Downside Pressure

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The US dollar is heading for its largest weekly decline in 12 weeks after soft US jobs data cooled expectations for near-term Federal Reserve interest rate hikes.
  • This broad dollar weakness has lifted major currencies and eased pressure on the yen amid ongoing intervention risks.
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USDCAD price history

1.39 +0.72% over the displayed period

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