USD/CAD Moves UP

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USD/CAD is trading at 1.2427, up 0.0110. The pair is trading higher during U.S. forex trading on Tuesday. Chatter about U.S. data and weak Crude Oil prices has led to some buying. The Bank of Canada Monetary policy rate decision is due Wednesday and a statement will follow afterwards. Later this week Canadian GDP data is due to be released by Statistics Canada.
Posted In: FuturesForexMarkets
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