Day: June 14, 2024

Canadian Dollar Rebounds Despite Weak Data, UoM Sentiment Dampens Market Mood

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The Canadian Dollar (CAD) staged a minor recovery on Friday, gaining ground against most major currencies and clawing back a tenth of a percent against the US Dollar (USD). This resilience came despite weaker-than-expected Canadian manufacturing and wholesale sales data, as market focus shifted to a surprising decline in the University of Michigan’s (UoM) Consumer […]

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