USD/CAD spikes to se...来自Omajosh

USD/CAD spikes to session tops, around mid-1.4100s in reaction to BoC’s surprise rate cutNEWS | 18 minutes ago | By Haresh MenghaniUSD/CAD stages a solid intraday recovery from sub-1.4000 levels, or 1-1/2 week lows.Sliding oil prices, a goodish pickup in the USD demand led to the initial leg of recovery.The BoC’s surprise decision to cut interest rates to 0.25% provided an additional boost.The USD/CAD pair built on its goodish intraday recovery move from 1-

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further weighed on the aussie.The AUD/USD pair extended its steady intraday pullback from two-week tops and dropped to fresh session lows, around the 0.6025 region in the last hour.The US dollar stalled its week-long decline and gain some positive traction on the last trading day of the week, which eventually turned out to be one of the key factors that prompted some selling around the major.This coupled with a leg down in the global equity markets further weighed on the perceived riskier

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The Relative Strength Index on the four-hour chart is flirting with the 70 mark – signaling overbought conditions. On the other hand, EUR/USD topped the 200 Simple Moving Average after previously rising above the 50 SMA. The currency pair is battling the 100 SMA and momentum remains positive.

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