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USD/CAD Rises as Oil Prices Decline

M. Ali 28 June, 2021 11:05 pm Forex Market, Market Update

The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices.

The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337.

The pair has been moving in a mostly rising trend today, in a range between 1.2288 and 1.2348, mostly in the positive territory, after closing last week at 1.2292 and opening today at 1.2292.

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