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USD/CAD Loonie Higher As Commodities Rise

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 7, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Canadian dollar appreciated against the USD thanks to oil prices gaining as the uncertainty about a U.S. rate hike in June continues. The disappointing U.S. jobs numbers, 38,000 new jobs added in May, were way below expectations and damaged even the most optimistic estimates of a June rate hike.[​IMG]

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