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USD/CAD Canadian Manufacturing Activity Declines for Third Consecutive Month

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Canadian dollar started the week on the back foot. It currently trades near 1.31 after disappointing manufacturing data. Last week the USD/CAD depreciated 0.231 percent after the eyes of the market came away disappointed by another uneventful Federal Open Market Committee (FOMC) that failed to deliver the much-awaited interest rate hike. A new line in the statement injected hope about the monetary decision to tighten arriving in December. Canadian PMI Lower for Third Consecutive Month The

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