Canadian Dollar Follows Crude Oil in Decline

Feb 25,2019 21:43   Source:Earnforex
While most riskier commodity-geared currencies were rallying today, the Canadian dollar declined. With absence of other apparent reasons, market analysts pointed at the drop of crude oil prices as the most likely reason for the currency’s decline. Crude oil fell about 3% on Monday. Market analysts speculated that the reason for the huge slump was the tweet from US President Donald Trump, which urged the Organization of Petroleum Exporting Countries to prevent […]

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