Canadian Dollar weakens as Fed’s cautious tone boosts US Dollar demand
The Canadian Dollar (CAD) remains under pressure against the US Dollar (USD) on Friday, weighed down by renewed demand for the Greenback after the Federal Reserve’s (Fed) cautious guidance tempered expectations of another rate cut this year. At the time of writing, USD/CAD is trading around 1.4009, near a one-week high after briefly dipping to …
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