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USD/CAD stays neutral near term – Scotiabank

Eric Theoret, FX Strategist at Scotiabank, reiterated the pair’s outlook is expected to stay on the neutral side in the short term.

Key Quotes

“The near-term balance of risk appears neutral-positive, with steady drivers and a clear improvement in the broader tone as risk reversals fade the recent build in the premium for protection against CAD weakness”.

USDCAD continues to consolidate around the mid-1.27 area representing the first major retracement (23.5% at 1.2739) of the May-July decline”.

“Momentum signals are neutral and trend indicators are muted. We await a break of either 1.2650 or 1.2780”.

NZD/USD sticks to the bearish stance – UOB

FX Strategists at UOB Group remain bearish on the Kiwi Dollar, noting that NZD/USD could grind lower towards 0.7145. Key Quotes 24-hour view: “We un
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AUD/USD keeps rising, eyes 0.7900

AUD/USD gained momentum after the beginning of the American session and climbed, breaking above previous highs. The pair bounced at 0.7850...
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