The US dollar continued its weekly recovery, gaining ground even as US yields displayed a mixed tone across the yield curve. Investors are now factoring in the possibility of two interest rate cuts by the Federal Reserve later this year. Meanwhile, market participants are fully anticipating a 25 basis point …
Read More »USD/CAD spiked after BoC rate decision, US ISM Services PMI data
The USD/CAD pair rallies after the Bank of Canada decides to cut its key interest rate at its June meeting. The decision was widely expected but still weighs on the Canadian Dollar, lifting the pair which also gets a second boost after US ISM Services PMIs surprise to the upside, …
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