USD/CAD falls below 1.3550 on expected BoC rate cuts, weak US Job Openings – FXStreet

The USD/CAD currency pair has dropped below the 1.3550 mark due to anticipated rate cuts by the Bank of Canada and a decline in US job openings. This decrease comes as the market expects the BoC to lower interest rates in response to economic conditions. Additionally, weak job openings in the US have also contributed to the fall in the USD/CAD pair. Traders are closely watching these developments as they assess the impact on the currency pair’s movements.

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