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USD/CAD: between oil prices and FED decisi on 16.06.2015

Despite a slight growth of oil price during the Asian session in anticipation of the next reduction in the US oil reserves, the CAD is falling against the USD. American currency is under the pressure from possible US interest rate hike. The CAD, on the other hand, is been negatively affected by the country’s drop of 2.1% in manufacturing for April and declining price of oil.

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