USD/CAD to range trade before resuming higher – TDS

Shaun Osborne, Chief FX Strategist at TD Securities, views that USD/CAD is likely to range-trade before resuming higher, with support now lying at low/mid 1.23s.
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PBoC may continue to intervene in USD/CNY – ANZ

Analysts at ANZ comment on the recent 50bp RRR cut in China, and view that PBoC may refrain from depreciating CNY, and continue to intervene to cap the upside in USD/CNY.
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