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USDCAD jumps with risk as Fed pauses cuts, AUDUSD hits new 2-Month Highs

jeffriess
October 31, 2019
by Joseph Jeffriess, Market Analyst

Today’s Market Update video, wrap up of last nights key data, Fed and BOC rate decisions. Oil inventory numbers and the effect on the USDCAD risk currencies and US stock indexes.

We saw some strong move in FX as the AUDUSD hit new 2-month highs and the USDCAD spiked with risk currencies after oil inventories saw a shock jump. A pause in Fed rate cut cycle didn’t have a negative effect on stocks as the S&P500 and Nasdaq hit new records.

Good trading from Eightcap.
All times are AEDT.