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USD/CAD runs to three-week high in a curious move
USD/CAD is up 53 pips to 1.3550 today in a curious move that's tough to completely explain.
Some of it is broad US dollar buying, which is underpinned by rising yields. There's some corporate bond pricing today and Amazon announced a big offering, so that's pushing up rates.
But CAD alone is a tough one, especially with AUD and NZD both up around 1% today. Some of that could be explained by China reopening optimism and Australian and New Zealand leverage towards that but CAD is al... Read More
Posted: Nov 29 2022, 13:58
Author Name: forexlive
Views: 111457