Canadian Dollar Soft, Ignores Sharp Rise of Crude Oil Prices

Mar 21,2019 01:00   Source:Earnforex
The Canadian dollar fell against most of its major peers on Wednesday, with the exception of the US dollar. That was surprising, considering that fundamentals did not look particularly bad for the currency. Prices for crude jumped more than 1% on Wednesday after a surprise big drop of US oil inventories. Usually, the Canadian currency follows moves of prices for Canada’s major export commodity. But that was not the case today. […]

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