Forex: Loonie sideways after USD rally cedes
Thu, Mar 11 2010, 19:56 GMT
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FXstreet.com (London) - The USD rally across the board which ensued following the weaker US jobs data was shortlived this after, as majors all slipped back to pre-release levels. Canadian Dollar moved back into the 20 pips range it had been trading in prior, between 1.0271 and 1.0250, and indeed has slipped through the range in recent moments.
The pairs currently trades at 1.0244 and remain strongly biased to Loonie, which holds well supported by the firm oil price of late. Precise Trader, collaborators at FXstreet.com, see range trading as set to continue for the pair in this excellent report.

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