CAD Bounces back from monthly lows…
The pair is expected to look bearish in the coming week as the commodity market is heating up with crude flirting around $80/barrel, and having crossed it once already this week. CAD is near its highest level in over a week as investors are eagerly waiting for the employment report to see where the Canadian [...]
CAD Bounces on Commodities Bounce Back
Tuesday, November 03, 2009, 07:28 GMT Loonie bounced back from the 1-month low after gains in commodities, mainly crude oil touching the $80 mark, against the Greenback. Support also came for the rally as it is mainly fuelled by the ‘better than anticipated’ data on manufacturing and home sales. Gains are, however, very difficult to [...]
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