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US May 3 Initial Jobless Claims declines to 323K vs 327K

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Forex: USD/CAD trading at 1.0031/32 after US jobless claims

The USD/CAD has rebounded nicely outside a trough created during the European session, which effectively bottomed out at 1.0012 (intraday low). With this figure in the rearview mirror, the cross is now steadfastly rising in an attempt to pare yesterday’s losses. In these moments the cross is trading at 1.0031/32 after the dual release of North American data.
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