USDCAD Eyes 2019 Lows, GBPUSD Rises on Short Squeeze - US Market Open

11 July 2019 11 July 2019

BonTrade

USD on the defensive across the board, however, higher than expected core inflation provides slight lift. GBPUSD outperforms as short positions are squeezed.

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USDCAD Eyes 2019 Lows, GBPUSD Rises on Short Squeeze - US Market Open

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U.S. core CPI posts biggest gain (+0.3%) in nearly 1-1/2 years

Dow jumps more than 100 points to break above 27,000 for the first time ever