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USD/CAD Price: Falling Oil Prices Weighing on the Canadian Dollar

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
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