Gold risk reversals shed bearish bias

Gold (XAU/USD) one-month 25 delta risk reversals rose to a 7-week high of -0.175 yesterday, indicating a drop in demand for bearish bets (put) on the
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USD/CAD in search of a firm direction, stuck in a range below mid-1.2400s

   •  Goodish USD rebound offset by bullish oil prices.    •  Investors seemed to await Wednesday’s BOC decision.  The USD/CAD pair lacked any firm
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