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USD/CAD rebounds above 1.38 as Jobs report fades into the background
An update here yesterday noted how the USD/CAD had brushed aside the latest Canadian jobs report seen on Friday and it has extended that rebound to above 1.38 today. The lack of downside momentum was covered here, as was the potential for the US dollar to push higher, after failing to fall much on that better than expected jobs report. So, the USD/CAD has extended the rebound from below 1.35 and reached a high so far today, at 1.3815. The range seen this morning has been covered by that high and an earlier low at 1.3787. The USD/CAD closed in the US last night at 1.3796 and it is currently trading at 1.3809
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