April 17, 2024 – OkSignals

Canadian Dollar Trims Losses on Softer USD, Brighter Market Mood

The Canadian Dollar (CAD) recovered on Wednesday, halting a five-day decline fueled by a hawkish Fed stance and dovish BoC outlook. A temporary retreat in the US Dollar, driven by improved risk sentiment and easing yields, provides some respite for the CAD. Key Factors: Market Movers: Technical Analysis:

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