USD/CAD: US Labor Market Releases, Risk Sentiment to Support the Loonie

The fiscal cliff resolution served from Pennsylvania Avenue did much to bolster the global financial markets to start of the new year. Though some traders are starting to take in their gains, there seems to be more value to hold on to the bullish prospects of riskier investments. The US dollar is anticipated to still bow down to the Canadian currency, albeit with the latter expected to have limited gains in the ensuing exchanges…

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