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Canadian Dollar Underperforms Despite Strong Rise in Oil

(CEP News) - Oil prices continued to climb higher on Thursday and are close to testing resistance at $40 a barrel. Nevertheless, the jump in prices has not supported the Canadian dollar.The loonie is showing modest gains against the U.S. dollar, but has been a laggard behind other commodity currencies like the Australian dollar and the Norwegian krona. Earlier today, the loonie broke through support, hitting a low of 1.2486 CAD, but was unable to hold the gains and is

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US Dollar Canadian Dollar (USD CAD) analysis

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