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USD/CAD Loonie Falls Ahead Of FOMC Minutes After Oil Drop

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 6, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The USD/CAD was trading above parity two years ago to the day. The monetary policy rate divergence and the drop in the price of commodities have depreciated the CAD to current levels. The price of oil continues to be driven by a supply glut as producers are hitting record levels[​IMG]

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