CAD rising oil and USD weakness, but now faces two big tests

USD/CAD dropped as the greenback retreated on a dovish Fed,  Canadian inflation and GDP numbers stand out. The technical picture is mixed for the pair. This was the week: Weaker USD, higher oil prices The US dollar was on the back foot for three reasons: 1) The FOMC Meeting Minutes confirmed the dovish twist by the Fed, […]

The post CAD rising oil and USD weakness, but now faces two big tests appeared first on Forex Crunch.

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