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USD/CAD snaps two-day losing streak amid fresh risk-off, WTI weakness

1 month ago   |   By FXCM

USD/CAD bounces off the monthly lows.
Coronavirus fears keep weighing on the commodity and commodity-linked currencies.
Canadian Manufacturing Sales, the return of the US traders will be in the focus.
USD/CAD registers 0.12% gains to 1.3250 while heading into the European session on Tuesday. That said, the quote recently snapped the previous two day's declines while bouncing off the monthly low as fears of coronavirus provided across the board strength to the US dollar.
Following the Caixin report that mentions higher coronavirus infection/death rate among medical workers, receding the...
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