Trading Mid-Day Update (04/30)
During today’s Currency Call, Scott highlighted that we may see the U.S. dollar index moved lower and bounced off the 90.40 level. Alternatively, the dollar index may move back up to the 90.80 level and a sell order can be considered for entry.
Jin highlighted that the Canadian GDP data that will be released later at 2030 (SGT) may be weaker than previous release, thus leading to a weaker Canadian dollar.
During the day, USD/CAD was little moved.
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