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The buck slips on yen upside and Middle East relief
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The buck slips on yen upside and Middle East relief
CAD USDCAD has retested 1.36 through early trading as Middle East relief filtered through. Still, downside for the pair remains a balancing act between improved risk conditions on the one hand, and lower oil prices on the other. Given our scepticism around US-Iran negotiation progress, a further extension lower looks unlikely to us in the short run, absent improved domestic conditions. On that score, we do not expect Friday’s Canadian labour rep…
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