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Forex

FXC Sees $3.5 Million Pullback Amid Strong US Dollar and CAD Weakness

Guavy AI Editorial Team
Instruments
USD CAD
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Investors pulled $3.47 million from Invesco's FXC ETF on July 23, representing about 5% of its assets under management.

The outflow comes as USD/CAD strengthens, with the pair currently trading at 1.408 and flashing a Buy signal over the past three months.

This shift may be driven by institutional players locking in gains or repositioning ahead of potential policy moves from the Bank of Canada and Federal Reserve.

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