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November 28, 2024

USD/CAD Falls Despite US Dollar Recovery, Canadian GDP in Focus

The USD/CAD pair has dipped to near the psychological support level of 1.4000 during Thursday’s European trading hours. Despite a recovery in the US Dollar, the Canadian Dollar continues to strengthen. This drop is partly due to expectations of a favorable trade agreement between Canada and the United States. Investors will watch the Canadian Q3 GDP closely, as it could have significant implications for both currencies. Will USD/CAD push through this support level?

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