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USD/CAD: quotes may continue to rise on 11.02.2015

USD/CAD quotes rose on Tuesday and reached a weekly high at 1.2623. The Canadian currency weakened due to the fall in oil prices in the first place, but a decrease in the consumer prices level in China played an important role too. The latter reached a value of 0.8%,  while a decrease below 1.0% was last recorded in 2009. The lowering inflation may entail decrease in demand, contraction of the manufacturing industry and further decrease in demand for oil and energy resources in China.

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