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USD/CAD overstated by lower oil

Tuesday, February 24, 2015 9:47 AM UTC

CAD pressured by lower oil prices, WTI just under USD 49/barrel
WTI temporarily rose to USD 50.50 Monday on Nigeria/OPEC tip
The lower the oil price, the greater the risk of another BoC rate cut Mar 4
USD/CAD offers at 1.2650 & 1.27 (1.2697 = Feb 11 high)

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USD/CAD overstated by lower oil

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