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USD/CAD bulls flirt with 1.3600 as Oil edges higher, US Dollar rises amid mixed feelings about US default

From fxstreet.com

USD/CAD seesaws at the highest levels in three weeks, marked recently, as bulls prod the 1.3600 mark during early Thursday amid broad US Dollar strength. In doing so, the Loonie pair pays little attention to the mildly bid WTI crude oil price, Canada’s key export item. That said, the US Dollar Index (DXY) rises to a fresh high in seven weeks, to 104.00 amid fears of the US default as the US policymaker’s inability to deliver a debt ceiling extension deal and the looming long weekend for the House Representatives, the fears of US default push global rating agencies like Fitch and Moody’s to turn cautious about the US ... (full story)

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  • Category: Fundamental Analysis