Saudi Arabia plans to increase production after abandoning its $100 price target for oil. Market participants are focused on Canada’s GDP data. Initial US unemployment claims fell to 218,000, below forecasts of 225,000. The USD/CAD outlook shows a recovery from lows hit earlier in the week. The Canadian dollar fell as oil prices declined, while…
The post USD/CAD Outlook: Oil Slump Gathers Buying Traction appeared first on Forex Crunch.
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