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CAD Higher Ahead Of CPI Report, ECB Hints More Stimulus

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Oct 23, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    After a sharp appreciation of the US dollar against the loonie, the Canadian dollar regains ground as crude oil prices stabilise. However, we believe that this recent correction will be short-lived as the fundamentals of the Canadian economy are lacking the strength to reverse the current trend. Unemployment reached 7.1%[​IMG]

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