USD/CAD slumps to 1.2500 as USD selloff intensifies
The USD/CAD pair rose to a daily high of 1.2576 during the European trading hours but reversed its direction in the second half of the day.
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SPECIAL WEEKLY FORECAST
The Canadian economy had a rousing employment report in March with more than three times as many jobs created as had been forecast. Yet with rising virus cases in several provinces, a new lockdown in Ontario, meandering oil prices and resilient US treasury rates, the USD/CAD could not break new ground.