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CAD Rises to Highest Level in Two Months

M. Ali 5 November, 2020 6:41 pm Forex Market, Market Update

The Canadian Dollar (CAD) rose against its US counterpart (USD) on Thursday to its highest level in eight weeks.

This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections.

The CAD is up by 0.56% against the USD, with the USD/CAD trading at 1.3063.

The pair has been moving in a range between 1.3053 and 1.3178, after closing Wednesday at 1.3136.

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