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USDCAD Edges Higher on Oil Spike Amid Middle East Conflict, Speculators Pull Back

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The Story

News Summary

  • USDCAD briefly touched its strongest level since February 11 amid rising oil prices linked to Middle East conflict, but pulled back slightly.
  • Market uncertainty and reduced speculative bullish bets temper further gains ahead of upcoming Canadian economic data and Bank of Canada rate decision.
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USDCAD price history

1.39 +0.72% over the displayed period

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