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USD/CAD: one the 10 most popular currency pairs in Forex. It shows the rate of the US dollar to the Canadian dollar. It’s highly volatile.
The two currencies are interdependent, the Canadian dollar rate is heavily influenced by the state of the US economy, the country’s import and export figures, Canada’s interest rate. Moreover, Canada is a major oil exporter, meaning oil prices also affect the CAD rate.
This currency pair yields good results with scalping and news trading (economic news from the US and Canada, data on the reserves of oil, coal and other natural resources).
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News of the day, Thursday, June 30
Oil prices decreased today amid global supply worries. …
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Gold prices stabilized below the support level of 1827.20, thus the price confirms the downside …
The pound against the dollar continues its bearish movement, as it confirmed the breach of …
The EUR/USD pair was able to break the support level 1.0475, thus starting the descending …
News of the day, Wednesday, June 29
Wall Street closed sharply lower yesterday amid recession …
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The British alcohol company has announced yesterday that it quits the Russian market. This …
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