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Mohamed Abdelhamid

Canadian Dollar Beats G10 Peer Currencies

The Canadian dollar strengthened, Wednesday, against the U.S. dollar as oil prices rose and domestic data showed inflation climbing to its highest level in 18 years. Broad U.S. dollar weakness prevails despite positive developments for the Canadian dollar, on the inflation front. Canada’s annual inflation rate climbed to 4.1% in …

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Oil Prices Leap After Draw in U.S. Stocks

Oil Rig oil (

Oil prices have jumped over USD 2 a barrel on Wednesday, 15 September, after U. S. governmental data had showed a larger than expected drawdown in U.S. crude inventories.Expectations indicate that demand will rise as vaccination campaigns widen their scope.Crude oil prices went up today on bullish news from the …

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