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USD/CAD Loonie Breaks Through 1.41 After Weak Oil Despite Cautions Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Loonie fell to a 12 year low even as the Canadian trade balance showed a positive shrinking of the trade deficit. Canadian exports grew for the first time in four months narrowing the gap to $1.99 billion beating expectations of a $2.60 billion trade balance deficit. Exports gained 0.40 percent boosted by shipments of auto along with raw materials such as metal ore and forestry products. The USD/CAD appreciated 0.663 percent in the last 24 hours even as the Federal Reserve released the

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