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USDCAD Tumbles on Oil Price Slide and Economic Weakness Amid Middle East Ceasefire Hopes

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The Story

News Summary

  • The Canadian dollar weakened to a two-month low against the U.S.
  • dollar due to falling oil prices, economic weakness, and geopolitical easing expectations, despite stable Bank of Canada rates and declining bond yields.
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107.19 +67.14% over the displayed period

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