USD/CAD remains near 1.3400 despite Dollar’s weakness – by MSalordFX USDCAD Currencies Majors
Loonie weakens after Canadian data
“These decreases were partially influenced by lower prices for crude oil, which fell partially on macroeconomic concerns as well as global production slightly in excess of demand. Diesel prices remained relatively higher than gasoline prices, partially due to the effects of the Russian invasion of Ukraine. Russia was a major supplier of diesel to Europe, which increased its imports from other sources”, said Statistics Canada in its report.
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