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USD/CAD Loonie Awaiting US and Canadian Employment Data

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD/CAD appreciated slightly on a volatile day in the forex market. Most of the action was on the other side of the Atlantic as the failure by the European Central Bank (ECB) to convincingly use all the tools at its disposal resulted in the EUR surging 3 percent versus the USD. The Loonie lost ground versus the USD as the pair again flirted with the 1.34 price level, before settling lower towards the current 1.3350 level. American and Canadian employment data will be released tomorrow at

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