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Day: August 7, 2018
August 72018
Canadian Dollar Receives Support From Higher Crude Prices, Weaker Greenback
The Canadian dollar is trading higher on Tuesday, finding support from rising crude oil prices and a lower US dollar. The loonie has risen to its best level in eight weeks against the greenback, and it could add to its gains on reports that an updated North American Free Trade Agreement (NAFTA) proposal has been submitted. US-Iran tensions are intensifying after Washington slapped new sanctions on Tehran, one […]
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August 72018
Euro Rallies Higher on Market-Wide US Dollar Retracement
The euro today rallied higher against the US dollar following the market-wide selling of the US dollar, which boosted most of its peers. The EUR/USD currency pair rallied higher from the early European session despite the release of mixed data from the German docket. The EUR/USD currency pair rallied higher from a low of 1.1550 to a high of 1.1607 in the early American session before heading lower. The release of the German trade balance data for June […]
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