USD and CAD still bid on USMCA
USDCAD has recouped to the lower 1.2800s after posting a four-month low at 1.2782 yesterday, which marked the moment of peak euphoria about the USA-Canada trade agreement. The new USMCA deal arrived with much fanfare, and will now take a considerable time before it is implemented.
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Stuart Cowell
Head Market Analyst
HotForex
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