Daily FX Commentary |
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CAD correction threat The Canadian dollar continued to attack US dollar support levels below the 1.00 level on Friday and pushed to two-month highs near 0.9950. The Canadian dollar was boosted by renewed gains in oil prices with no significant domestic influences. The Canadian dollar will also continue to draw some near-term support from the increase in risk appetite, especially as confidence towards the North American economy has stabilised while energy prices will remain a key influence. The
Filed under: Fundamental
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