USD/CAD: The pair has finally moved back below 1.41 handle as improvement in broad market risk sentiment and the possible reopening of major global economies improved crude oil consumption outlook. USD’s own loss of recent gains also aided in CAD’s recovery, but the pair still holds firm above 1.40 handle and is range-bound near 1.405 level as Crude oil price remains mixed in the international market. The pair is all set to close for the week in 1.40 handle with weekend proceedings likely to dictate directional bias when trading session resumes next week.
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