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USD/CAD Loonie Slightly Higher on US Thanksgiving Despite Softer Oil Prices
The USD depreciated 0.0632 percent versus the CAD during the U.S. Thanksgiving holiday. There was little trading volume during the session. The USD/CAD traded in a range between 1.3320 and 1.3280. The Loonie opened weaker versus the U.S. dollar and as the price of oil dropped as the oversupply narrative grew during the day. As the session winded down the CAD started to advance versus a USD as America was getting ready for Thanksgiving dinner. The Euro is hovering near seven-month lows with little movement during the American Thanksgiving holiday that has restricted liquidity in today’s market. The European Central ... (full story)