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Dangerous Octopus
Jul 17, 2024
USD/CAD Holds Ground Above 1.3650 as Oil Prices Decline ===============
#722efa7d
ver:0.49 USD/CAD holds above 1.3650 as oil prices decline due to a slowing Chinese economy. However, declining US oil stockpiles may limit the downside. Traders await speeches from Fed officials while softer Canadian inflation readings raise expectations of further interest rate cuts by the Bank of Canada. Macroeconomic data releases and a strong economy are key factors impacting the Canadian dollar.
#USD
#CAD
#oilprices
#economy
...
#newstr
#Usd
/cad
#OilPrices
#CanadianDollar
#BankOfCanada
#Inflation
#InterestRates
#TradeBalance
#MacroeconomicData
here.news/story/722efa7d?ver=0.49
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