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CAD: Central bank’s easing cycle is over – BBH

FXStreet (Delhi) – Research Team at BBH, suggest that the better than expected July GDP figures from Canada yesterday helped solidify ideas that the central bank's mini-easing cycle (two rates cuts this year) is over.

Key Quotes

“The US dollar set new 11-year highs near CAD1.3460 earlier this week and is now pushing lower. Initial support is seen near CAD1.3235 but look for CAD1.3180 to be tested. A break of this latter area could spur a re-test on the CAD1.30 area.”

AUD/USD points to consolidation between 0.69-0.71 – OCBC

The Aussie dollar could be poised for further consolidation vs. the greenback between 0.69 and 0.71, suggested Emmanuel Ng, FX Strategist at OCBC Bank...
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USD: US ISM manufacturing key focus - TDS

Research Team at TDS, note that looking ahead to today, the US ISM manufacturing reading is the key focus for investors and with tomorrow’s crucial US employment report coming into view, however, markets may enter lockdown mode immediately after the data’s release.
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