Canadian Dollar Attempts to Rally Following Rising Prices for Crude

Jun 21,2019 02:45   Source:Earnforex
The Canadian dollar attempted to rally against its major rivals today. While the currency managed to log gains against most of them, the rally was limited, and the loonie was unable to outperform the extremely strong Swiss franc. The Canadian currency gained after the news that Iran shot a US drone. While usually geopolitical tensions and resulting risk aversion hurt the loonie, the event was beneficial for crude oil, and by the same token for the Canadian […]

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