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USDCAD whipping around

Discussion in 'Technical Analysis' started by ForexLive, May 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    BOC not as dovis h. Oil prices discounted drawdown of inventories The USDCAD has been whipping around as the BOC statement was less dovish than expected. A bigger drawdown of crude oil inventories seemed to be priced in. The price of crude oil has fallen from a high of $49.57 to a lows of $48.63. The price has since rebounded back to $48.91.

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