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USD/CAD bounces up and nears 1.3800 amid mixed messages on Iran
The US Dollar (USD) is trimming some losses against the Canadian Dollar (CAD) on Wednesday. The pair trades at 1.3775 at the time of writing, after bouncing up from Tuesday’s lows near 1.3730, although it remains more than 1% below last week’s highs.
Fxstreet
Wed, Apr 15
EUR: ECB seen between baseline and adverse paths – Danske Bank
Danske Bank’s Danske Research Team says ECB President Lagarde reiterated a data-dependent stance, offering no firm forward guidance. The bank argues this reduces the likelihood of an April move unless key data show clear upside price pressures.Fxstreet
Wed, Apr 15
Eurozone Industrial Production rises faster by 0.4% MoM in November vs. 0.3% estimates
The Eurozone industrial sector activity rises 0.4% in February, faster than estimates of 0.3%, according to data published by Eurostat on Wednesday. In January, the Industrial Production data was declined by 0.8%, revised higher from -1.5%.Fxstreet
Wed, Apr 15
EUR/USD: Upward bias on conflict hopes – Commerzbank
Commerzbank’s Antje Praefcke notes that recent headlines around a possible diplomatic solution in the Middle East war have weakened the Dollar and supported EUR/USD. She argues FX may stay relatively muted until there is clearer evidence on the conflict path and a reliable easing of tensions.Fxstreet
Wed, Apr 15
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