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Forex: USD/CAD rallies toward 1.0300

The Canadian dollar failed to sustain gains versus the greenback and quickly reversed its post-data advance to trade lower on the day as the US currency picks up momentum across the board and stocks decline in Wall Street.

After sliding to a weekly low of 1.0245, USD/CAD bounced strongly and rallied over 50 toward a high of 1.0294 during the NY session. However, the pair has lacked determination to break above 1.0300 and it is currently trading around 1.0280, still up 0.3% on the day.

Forex: EUR/USD sharpens fall on US session, low at 1.3024

The EUR/USD gave in to demand for the greenback as the European session opened, pulling the pair from 1.3065 and easing even below the 1.3000 mark throughout the morning. The release of US retail sales data sharpened the fall, still ongoing at 1.3024 low also after US business inventories.
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