By tredu.com • 7/3/2025
Tredu
USD/CAD edges up to 1.3595 during Thursday’s early European session, rebounding modestly. However, the downward trend remains intact, pressured by persistent US Dollar weakness and a risk-off mood surrounding the upcoming Nonfarm Payrolls (NFP) data release for June.
A weaker-than-expected US ADP Employment Report has lifted market expectations for a Fed interest rate cut, weighing on the USD. This makes Friday’s NFP data pivotal for short-term USD/CAD direction.
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