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USD/CAD Daily Fundamental Analysis for August 26, 2011

posted by Avatar FXEmpire 273 days ago in USD, CAD, Fundamental made popular 273 days ago

The USD/CAD pair extended its losses on Thursday ahead of Bernanke’s speech on Friday, as investors remained cautious over the prospects of whether the Fed would announce a third round of quantitative easing or not, while the unexpected rise in U.S. jobless claims, weighed down on the USD, which pushed the USD/CAD pair to the downside.
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