USD/CAD Climbs as Falling Oil Prices Weigh on Canadian Dollar Ahead of Key Resistance

Summary:USD/CAD climbed toward weekly highs as falling oil prices weakened the Canadian dollar despite strong domestic trade data. Canada's trade surplus reached a four-year high, but the positive economic data was overshadowed by the sharp decline in crude oil prices.

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Source: InvestingCube

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Category Forex

Source InvestingCube

Published 1 month ago

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News ID #1,135

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