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CAD: Oil isn’t enough – C$ falls on bank downgrades

The Canadian dollar managed to bounce back after oil prices recovered. WTI Crude Oil managed to recapture the $47 triple bottom level it had lost beforehand. In turn, USD/CAD dropped all the way to 1.3650. The advance of the loonie has now been erased due to an unexpected source. Moody’s, a rating agency, cut the credit […] The post CAD: Oil isn’t enough – C$ falls on bank downgrades appeared first on Forex Crunch.

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