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Canada: Expect pickup in exports, Riksbank expands QE program

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Further CAD weakness expected Oil prices continue to trade lower as news that in an effort to help budget negotiations the US could sell 58 barrels from their strategic reserves hit the market. In addition, oil inventories headed higher according to the American Petroleum Institute data. Commodity currencies specifically the CAD and NOK which are correlated to oil, underperformed. The weaker CAD has given the economy a well needed stimulus kick, which should see GDP

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