USD/CAD retreats from seven-week tops down to 1.2630The USD/CAD climbs during the day, looking to close on the upside for the fifth week in a row, trading at 1.2632
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USD/CAD to climb towards the 1.2950/1.3020USD/CAD recently reclaimed the 200-day moving average (DMA) at 1.2465 extending its rebound towards the daily Ichimoku cloud near 1.2650.
USD/CAD gains momentum ahead of Canada Retail Sales dataUS stocks retreated as investors remained concerned about tighter monetary policy. The Dow Jones declined by more than 100 points
Canadian Dollar Drops AgainThe Canadian dollar gave back all yesterday’s gains and then some overnight. Sliding crude oil prices were a factor
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USD Running Out of Steam Against LoonieThe US dollar has rallied initially during the trading session on Thursday but looks to be running out of momentum just above the 1.26 level.
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