USD/CAD bounces off two-week lows, back around mid-1.2600s
The USD/CAD pair managed to recover over 35 pips from near two-week lows and was last seen hovering near the top end of its daily trading range, around mid-1.2600s.
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SPECIAL WEEKLY FORECAST
The Canadian dollar had its best week in a month, gaining 1.4% against its US counterpart as risk-aversion from China’s Evergrande Group moderated and crude oil closed at its strongest level in two months.