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USDCAD Steadies Near 5-Week Low as Oil Slumps 6.5%, BoC Rate Hikes Unlikely

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Canadian dollar weakens to five-week lows as oil prices fall 6.5% on Middle East peace deal hopes and softer-than-expected inflation data reduces BoC tightening expectations.
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Stored market data

USDCAD price history

1.39 +0.72% over the displayed period

Advisor Snapshot

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