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USD/CAD Canadian Dollar Stable After US Debate and OPEC Meeting
The Canadian dollar is lower versus the greenback as oil prices are falling after comments from the Organization of the Petroleum Exporting Countries (OPEC) meeting in Algiers have put the oil output freeze out of the short term. The CAD touched 6 week lows caught between lower commodity prices and a stronger U.S. dollar but it is moving to trade under the 1.32 price level. The USD has recovered against majors following the first U.S. presidential debate which appears to have tipped the scales in favour of Secretary Hilary Clinton. The market is not looking for a particular candidate but rather the lack of ... (full story)