USD/CAD falls beneath 1.40 for the primary time since November
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The US greenback is broadly and aggressively weaker as we speak. That is pushed USD/CAD by way of the 1.40 degree for the primary time since late November.
Extra broadly, the Canadian greenback is underperforming considerably because it’s risen by about zero.5% in comparison with 1.four% for the Australian greenback and a pair of% for the euro.
The market is probably going pricing in decrease US progress and more-aggressive Fed cuts.
This text was written by Adam Button at www.ubaidahsan.com.
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