The Canadian Dollar (CAD) gave a shaky performance on Wednesday.
Canadian Dollar climbs a third of a percent against Greenback after sour data patch. Canada economic data remains thin until Friday’s labor figures. US data broadly softens, propping up rate cut hopes. The Canadian Dollar gave a shaky performance on Wednesday. The Loonie was mixed against a basket of major currencies but notably climbed one-third of one percent against the US Dollar after a raft of data misses from the US.
Technical analysis: Wednesday’s Greenback declines a welcome reprieve for CAD bulls Despite a soft-to-mixed performance, the Canadian Dollar found higher ground against the US Dollar and the Japanese Yen , climbing around one-third of one percent against each. The CAD shed weight against the Australian Dollar and the Pound Sterling , declining one-third of one percent and one-fifth of one percent, respectively.
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