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USD/CAD Loonie Rises After Bank Of Canada And Higher Oil Prices

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Mar 10, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Canadian dollar advanced versus the USD after the Bank of Canada announced the benchmark interest rate would remain unchanged at 0.50 percent. The USD/CAD traded below 1.33 as the loonie also got a boost of oil prices that rose despite higher crude inventories in the U.S.[​IMG]

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