air maintains its bid tone through the first half of the European session and is currently trading around mid-1.3300s, just a few pips below the weekly high touched earlier today.
The USD, on the other hand, attracts some haven flows in the wake of a fresh leg down in the equity markets. Furthermore, Wednesday's upbeat US Retail Sales data might have forced investors to scale back their bets for a less aggressive policy tightening by the. This is evident from an uptick in the US Treasury bond yields, which is seen as another factor benefitting the greenback and offering additional support to the USDCAD pair.
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