Canadian Dollar Rises as Yield Spreads Narrow
The Canadian dollar edged higher against the US currency as yield spreads compressed from recent wide levels. Investors now await the upcoming monthly employment report for fresh economic clues.
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Insights:
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The Canada currency edged 0.1% higher to 1.4245 per the United States dollar during Thursday afternoon trade. The move follows a compression in yield spreads from multi-month highs.
