Canada’s GDP m/m data is set to be released at news time, with the market forecast expecting growth to slow to 0.1% compared to the previous 0.2% reading. The actual figure has not been released yet, but traders are closely watching the data as it could create strong volatility in CAD pairs. A result higher than 0.1% would be bullish for the Canadian Dollar, while weaker-than-forecast data could put pressure on CAD and support moves higher in USD/CAD.
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