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EUR/USD climbs to six-week high as ECB cuts interest rates, US Jobless Claims disappoint

The Euro (EUR) edges higher against the US Dollar (USD) on Thursday, following choppy price action, as traders react to the European Central Bank’s (ECB) widely expected interest rate cut and disappointing US Initial Jobless Claims, which weigh on the Greenback.
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USDCAD slips below 1.3650 as US jobless claims rise, Canada’s PMI contract

USD/CAD extended its losses on Thursday amid a busy schedule on both sides of the border, with US unemployment benefits data coming in above forecasts. At the same time, Canada’s Ivey PMI shows that business activity contracted for the second straight month.
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