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The Canadian dollar weakened against the US dollar as Canadian 10-year bond yields edged up while US yields declined. US crude oil prices fell, weighing on the loonie and supporting a slightly bearis…
USDCAD rose to a four-month high as a stronger U.S. dollar, wider US-Canada yield spreads and softer risk appetite outweighed a modest Canadian GDP gain and higher oil.
The Canadian dollar fell to a four-month low past 1.39 USD as softer domestic data, a BoC rate cut and signals of further easing reduced CAD carry appeal, while a firmer US dollar after Fed comments …
The dollar eased after a surge in U.S. jobless claims and modest inflation, lifting Fed rate-cut odds; euro and pound saw slight moves as central bank rhetoric tempered further easing bets.
US jobless claims and ADP showed labor-market softening, lifting Fed rate-cut expectations and keeping markets cautious ahead of Friday's nonfarm payrolls; the dollar edged higher amid volatility, mo…