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Canadian Dollar Edgy on NAFTA Fears

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Talking Points: USD/CAD likely to remain under the spell of NAFTA talks. A firm oil complex is underpinning the Loonie. USD bond yields remain elevated. Fundamental Forecast for CAD: Neutral We remain neutral on the Canadian dollar although we would turn bearish on CAD if the ongoing NAFTA discussions take a turn for the worse. The two drivers for the Canadian dollar, NAFTA talks and oil prices, are … Read entire story.

Source: Daily Forex Signals

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