The USD/CAD pair trades on a flat note near 1.3505 during the early Asian session on Thursday.
USD/CAD trades flat around 1.3505 in Thursday’s early Asian session. The BoC cut interest rates by 25 bps, bringing its policy rate to 4.25% on Wednesday.
JobOpenings fell to their lowest level in three and a half years in July, weighing on the USD. The Bank of Canada cut interest rates as expected, while US Job Openings came in weaker than expected. Traders await the release of US August ISM Services PMIdata on Thursday for fresh impetus, which is expected to ease to 51.1 from 51.4 in July. The Bank of Canada decided to cut its benchmark interest rate for the third consecutive time at its September meeting on Wednesday, as widely expected.
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