Usd to cad: USD/CAD Canadian Dollar Rebounds as USD Loses Momentum

US equities recovered from earlier loses as investors saw buying opportunities after the PBOC boosted the Yuan that had fallen. The intervention from the Chinese central bank brought some confidence back into the market as the US also walked back some of its more aggressive statements. Trade anxiety remains high impacting equities, and investors are flocking to safe haven assets like bonds, the Japanese yen and the swiss franc, and gold.

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