Positive Fundamentals Help Loonie to Rally Despite Huge Drop of Oil Prices

May 30,2019 18:30   Source:Earnforex
The Canadian dollar gained on Thursday, though trimmed its gains by the end of the trading session. The currency managed to rally even as crude oil posted huge losses, falling more than 4% over the course of Thursday’s trading. There were several possible fundamental reasons for the good performance of the Canadian currency. One of such reasons was optimism about the upcoming GDP report due for release on Friday. Analysts predicted that it will […]

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