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Thursday, June 24, 2021

The dollar was choppy today...

The dollar was choppy today...

The dollar was choppy today and started the day lower but remains sub 92.00, whilst holding above the 91.60 support level in wake of a weak initial jobless claims print yet again this week at 411k, a similar pace to last week. CAD was a underperformer despite a partial recovery in Canadian manufacturing sales and failed to benefit from a later recovery bid in oil prices, with USD/CAD rising a fair bit into the 4pm BST London fix.

For now, further upside to be expected on USD/CAD heading into tomorrows session.



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