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USD/CAD: Here’s why the loonie has surged to a four-year high
The USD/CAD price relentless sell-off accelerated on Tuesday as focus shifted to the upcoming US consumer inflation data. It has declined in the past five consecutive days and is trading at the lowest level since September 2017. The Canadian dollar has been in a strong upward trend against the US dollar in the past few months. It has gained by more than 17% in the past 12 months. Further, it has risen in the past five consecutive weeks. There are two primary reasons why the USD/CAD price has continued to drop. First, the Canadian economy has recovered at a relatively faster pace than that of the United States. It has ... (full story)