USD/CAD pares Wednesday losses due to Fed’s rhetoric, despite a weak US dollar – by christianborjon USDCAD Currencies Majors Fed Macroeconomics
ment shifts sour due to continuing Fed’s hawkish rhetoric, while US labor market data confirmed that the economy could survive further central bank tightening.
Early, the US Department of Labor reported that unemployment claims reported for the last week ending on September 24 fell 197K, lower than estimates of 215K, a signal of the labor market resilience. Earlier, some Fed officials led by Cleveland’s Fed President Loretta Mester and the St. Louis Fed President James Bullard crossed newswires.
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