LiteForex - Analytics

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    USD/CAD: key resistance at 1.3 on 17.07.2015

    This week, the USD/CAD pair grew and now reached its 2009 highs. The reasons for the CAD weakening were an unexpected decision by the Bank of Canada to cut interest rates from 0.75% to 0.50%, as well as the general weakness of the Canadian economy, especially in non-energy exports. The economy recovery is expected not earlier than the first half of 2017.

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