OPEC is expected to hike oil output in August. After the August hike, oil prices plunged after OPEC failed to assure investors of output increases. USD/CAD has broken above the 30-SMA in the charts. On Friday, the USD/CAD price climbed higher after the OPEC meeting. OPEC said it would stick to hiking oil output in … Continued
The post USD/CAD Price: Falling Oil Prices Weighing on the Canadian Dollar appeared first on Forex Crunch.
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