Rising Oil Prices Help Canadian Dollar Ignore Unfavorable Data

Jun 18,2019 15:11   Source:Earnforex
The Canadian dollar was generally firm today despite unfavorable domestic macroeconomic data. The likely reason for the loonie’s good performance was the sharp rally of prices for crude oil, Canada’s major source of export revenue. The North American grade of crude oil jumped almost 4% in New York today due to a range of factors. One of them was a tweet from US President Donald Trump that suggested that the world’s two […]

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