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Forex Trading: USD/CAD rather mixed with prevailing commodity concerns keeping any rally attempts muted...

Posted by Michael FX on Tue, 05/06/2008 - 6:14am in

USD/CAD rather mixed with prevailing commodity concerns keeping any rally attempts muted. Analysts now looking for much higher Oil cannot help this pair, considering its correlation with commodities, Oil in particular. If NY sees Oil higher, we could see parity in USD/CAD again or lower.

 

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