USD/CAD DECLINES AS CANADIAN DOLLAR STRENGTHENS ON WEAK USD, OPEC’S DECISION

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USD/CAD trades south of the 100-day Exponential Moving Average (EMA) as the Canadian Dollar (CAD) appreciated on oil supply shortages and a soft US Dollar (USD). The USD/CAD is exchanging hands at 1.3450 after hitting a daily high of 1.3536.

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