[FOREX NEWS] CAD: Oil isn’t enough – C$ falls on bank downgrades

The Canadian dollar managed to bounce back after oil prices recovered. WTI Crude Oil managed to recapture the $47 triple bottom level it had lost beforehand. In turn, USD/CAD dropped all the way to 1.3650. The advance of the loonie has now been erased due to an unexpected source. Moody’s, a rating agency, cut the credit [...]

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[FOREX NEWS] WTI recaptures broken triple bottom – CAD follows

Oil is making a comeback. Prices had already stabilized after the big crash last week when the inventory news broke out. The amount of crude stored in inventories dropped by 5.2 million barrels, far more than official expectations for a slide of 2 million. Early indicators probably tipped expectations lower. Nevertheless, this is quite a big [...]

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