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USD/CAD remains depressed below 1.2500 amid bullish oil prices, downside seems limited

FXStreet.com
 2022-01-20

Cover picture for the articleA combination of factors prompted fresh selling around USD/CAD on Thursday. Bullish oil prices, strong Canadian CPI print continued underpinning the loonie. The risk-on mood weighed on the safe-haven USD and did little to lend support. Rising US bond yields acted as a tailwind for the USD and could...

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