Thursday, 6 May 2021

US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms

The US Dollar snapped notably lower during Thursday's trading session led by EUR/USD strength and USD/CAD weakness. USD/CAD price volatility might accelerate with high-impact jobs data due.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...