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USDCAD unchanged, midterms as expected

By MoneyWay | Nov 7, 2018

While North American equities are doing better, oil prices are lower on the back of the oil inventory increases. After its seventh straight weekly increase, West Texas Intermediate is trading below  $62.00 USD a barrel down $15 from its recent highs. OPEC will be meeting this weekend to discuss the upcoming 2019 production limits, we will have to wait and see.

The USDCAD is unchanged tempered by oil even with the uptick on risk on trades.

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