The USD/CAD analysis reveals fresh highs above 1.3750, marking a significant move in the currency pair. On Friday, the Canadian Dollar showed a mixed performance, climbing against most major currencies. Despite Canada’s job additions surpassing expectations in May, the figures still lag behind previous months, limiting the CAD’s upward momentum. Both Canada and the US saw hourly wage gains, but a rise in the US Unemployment Rate provided a cautionary note amidst otherwise strong market forecasts. This video dives deep into the factors influencing these movements, including the implications of job data on future rate cuts. Stay tuned for a comprehensive breakdown of these developments and what they mean for USD/CAD traders.
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