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Home›Forex›Major Pairs›Canadian dollar firms as oil rises and BoC hike bets g…

Canadian dollar firms as oil rises and BoC hike bets grow

The Canadian dollar strengthened, supported by higher oil prices and increasing expectations for Bank of Canada rate hikes.

Reported · Written up by our desk · Major Pairs

FXStreet reports the Canadian dollar gained ground as surging oil prices supported the currency, while market bets for more Bank of Canada rate hikes also rose.

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Sources

FXStreetCanadian Dollar gains ground on surging Oil, rising BoC hike bets

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