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USD/CAD clings to gains above 1.2600 as rising US T-bond yields support USD


4/7/2021 12:22:22 PM GMT
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By Eren Sengezer
USD/CAD is rising for the second straight day on Wednesday.
US Dollar Index turns positive above 92.30 in the early American session.
10-year US Treasury bond yield is up 1% ahead of FOMC Minutes.
The USD/CAD pair managed to post modest gains on Tuesday and preserved its bullish momentum to touch a fresh weekly high of 1.2618 on Wednesday. As of writing, the pair was up 0.33% on a daily basis at 1.2606.
Eyes on FOMC Minutes
Following Tuesday s sharp drop, the benchmark 10-year US Treasury bond yield is up 1% on Wednesday, helping the greenback stay resilient against its rivals. At the moment, the US Dollar Index is posting small daily gains at 92.35. ....

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