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USD/CAD slumps toward Feb lows as oil rallies but govt cuts forecasts

Discussion in 'Technical Analysis' started by ForexLive, Feb 22, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USD/CAD down a cent A nearly 7% rally in oil is fuelling drop in USD/CAD. The US dollar is broadly stronger as well, so the decline in the pair understates the general Canadian dollar strength today.

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