CAD strengthens despite easing oil pressure
USD/CAD loses ground for the third consecutive day, trading around 1.3970 during Asian hours on Friday. The pair depreciates despite renewed Middle East diplomatic efforts easing pressure on oil markets, placing downward pressure on the commodity-linked Canadian Dollar (CAD).
Original · FXStreet AI summary of public reporting
Why: Middle East diplomatic efforts ease oil pressure
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At publication → CurrentCL104.51 → 103.37−1.1%