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USD/CAD Recovers Its Loss from Recent Declines

USDCAD
USDCAD
USDCAD

USD/CAD: The pair has recovered its loss from recent declines and the price is steady above 1.36 handle as USD rebounds on safe-haven demand, while CAD suffered from US stockpile data and oil manufacturing activity reports.

However, news of the US government considering additional stimulus packages helped limit USD’s gains for now. Meanwhile, traders await fresh FED cues and data from the USA for short term profit opportunities.

Please feel free to share your thoughts with us in the comments below. 

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