The USD is weakening as anticipation builds for today’s NFP report. Stocks are up and bond yields are down, which could challenge the USD further.
Last Friday, the Canadian dollar began showing signs of recovery against the US dollar, avoiding further declines toward the 1.39 mark. This revealed an unexpected resilience in the CAD.
The USD kicked off the new trading month with a notable uptick as yields surged again.
As spring approaches and global central bankers gear up for potential interest rate cuts amidst easing inflation and slowing economic activity
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