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Canadian Dollar Set for Weekly Gains Amid Weak US Dollar and Rising Oil Prices

Investing.com · ·by CS

  1. 1The Canadian Dollar is expected to break a five-week losing streak with weekly gains
  2. 2Traded at C$1.4170 per US dollar, down approximately 0.6% from the October 9 closing of C$1.4257
  3. 3The US dollar weakened as expectations for a rate freeze grew following remarks from Fed Chair Kashkari

So what's the key point?

The Canadian Dollar is expected to rise this week after falling for five consecutive weeks. A weaker US dollar and rising oil prices have helped those looking to buy the Canadian Dollar.

Source Investing.com · View original ↗

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