The AUD/CAD pair looks set to retest a major inflection point ahead of the Bank of Canada policy decision! In case you missed it, the Canadian dollar was one of the biggest losers yesterday after OPEC+'s decision to extend the production cut agreement until 2025 failed to ease concerns about weak global demand. It also didn't help that Canada's May manufacturing PMI was weaker than market estimates and April readings. Meanwhile, the Australian dollar received some support from China's better-than-expected Caixin Manufacturing PMI and a generally weak US dollar.
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