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USD/CAD falls below 1.3475 even as Canadian unemployment rises
The Canadian jobs report has also just been released and it has rather been overshadowed by the US data. However, despite a rise in the Canadian unemployment rate above forecasts, to 6.6%, the USD/CAD has fallen back. The payroll count gain was at 22k which was a little below forecasts, but not markedly so. The weaker than expected US data has seemingly eclipsed the Canadian numbers and that has pushed the USD/CAD down to a session low 1.3466. The USD/CAD is currently trading at 1.3472
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