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USD/CAD Rises as Oil Prices Decline

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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