Oil was on course for its fourth consecutive week of declines. US unemployment benefit claims rose to 231,000, exceeding the expected 220,000. US industrial production declined by 0.6% in October. The USD/CAD outlook shines as the Canadian dollar softens amid lower oil prices, with the pair rising despite dollar weakness. On Friday, oil prices showed…
The post USD/CAD Outlook: Oil’s Plunge Leaves Canadian Dollar Feeble appeared first on Forex Crunch.
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