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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
    Likes Received:
    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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