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Canadian Dollar Support May Be Fleeting

posted by Avatar grimadventures 819 days ago in USD, CAD, Oil made popular 819 days ago

A return of risk appetite helped end the Canadian dollar’s two day losing streak to the greenback as Fed Chairman Bernanke signaled that U.S. interest rates will remain on hold for an extended period. A drop in US consumer confidence had sunk demand for risky assets yesterday which sent the USD/CAD higher.
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