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Canadian Dollar, Crude Oil Prices Gain Ahead of NFPs. Where to for USD/CAD, WTI?

From dailyfx.com

The Canadian Dollar was one of the best-performing G10 currencies against the US Dollar on Thursday. This was not too much of a surprise given that the energy-sensitive Loonie tracked a rise in WTI crude oil prices overnight. Oil closed at its highest since November 17th, surging 3.2% in the best daily performance in a month. There did not appear to be a single catalyst for the push higher in WTI, but rather a few developing themes. Recently, colder-than-average temperatures throughout the northern United States and Canada have been threatening supply disruptions. This is as American oil stockpiles have been on the ... (full story)

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  • Category: Technical Analysis