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USD/CAD touches one-month high after IEA warns on oil glut

Discussion in 'Technical Analysis' started by ForexLive, Sep 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/CAD up 115 pips today The Canadian dollar is under broad pressure as oil prices slide. WTI crude is down 93-cents to $45.38. The decline came after the International Energy Agency warned that oil surplus will persist into 2017, partly due to declining demand in China and India.

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