Canadian Dollar Rebounds Slightly Amid Volatile Trading, But Remains Driven by US Dollar and Oil Prices
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Canadian Dollar caught a bounce on improved risk appetite and better than expected industrial inflation.
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US Dollar and Fed reaction driving markets currently, overshadowing Canadian data.
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Crude Oil seeing support on EU sanction rumors, but CAD gains limited.
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USD/CAD stuck along 50-day SMA midpoint after volatile mid-week swings.
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Canadian Dollar was strongest this week against USD, weakest versus Swiss Franc.