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USD/CAD hints at dip buying

The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bullish USD/CAD profile.

If USD/CAD spot falls closer to the level where the moving averages crossed, then buyers might see it as an opportunity to reenter. Furthermore, a convincing break through the 50 SMA signals a neutral tone, shifting negative below the 200 SMA.

EUR/USD revisits daily lows as USD picks-up pace, NFP eyed

A renewed buying interest witnessed in the US dollar in the mid-European session, pushes EUR/USD towards daily lows amid stabilizing European markets.
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Despite market reaction we stick with the BoE and Norges Bank views - BNP

Economists at BNP Paribas, disagree with the overly dovish interpretation of the Bank of England’s Inflation Report, pointing out that the inflation and wage growth forecasts are not substantially lower than they were in August and that the MPC has allowed itself more time to reach the inflation target.
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