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The Canadian Dollar (CAD) gained across the USD as almost all G10 currencies did during the crisis. The Fed eased too much when compared to the Bank of Canada. Also, a comparison of the two fiscal stimulus packages delivered by the two governments favored a lower USD and a higher CAD.
As a consequence, the USDCAD dropped like a rock after the spike higher in March this year. It is currently back at the 1.30…
The post Important End of the Week for the Canadian Dollar appeared first on Vantage Point Trading.
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