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USD/CAD Price Consolidating Below 1.3550 as Oil, Stocks Rise

Started by forex4you, Jan 02, 2023, 10:57 am

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Jan 02, 2023, 10:57 am
USD/CAD Price Consolidating Below 1.3550 as Oil, Stocks Rise

Improved risk sentiment continues to press the US dollar. COVID risks in China may pour water on the optimism. Rising oil prices may support the Canadian dollar. In the European session, the USD/CAD price shows sideways momentum because investors are hesitant to increase positions before the long weekend begins. As global markets hesitate about inflation … Continued


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