Fundamental OverviewYesterday, the USD weakened across the board following a benign US CPI report where the data came in line with expectations. The market firmed up the rate cuts expectations with September and December now fully priced in. We saw a general risk-on sentiment as a result and barring negative surprises in the following days and weeks, this trend might have some more legs. Today’s US jobless claims data don’t change the picture, on the contrary, they might reaffirm the positive sentiment. USDCAD Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDCAD failed to sustain the breakout below the key support zone around the 1.36 handle. This support has been
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