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USD/CAD under pressure after Yellen’s speech

The USD/CAD Spot has come under renewed selling pressure in response to the dovish speech by Chief J.Yellen at the Economic Club of New York on Tuesday. Yellen has once again emphasized the gradual path of future rate increases, showing at the same time heightened concerns over the economic developments overseas.

Focus ADP Data…
The greenback will remain at the centre of the debate today in light of the release of the ADP report in the US economy, with consensus seeing the private sector to have added 194K jobs during March.

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