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Canadian Dollar Benefits from Strong Oil Prices | USD Falls on Housing Data

Published August 16, 2017
  • Oil prices are up this morning ahead of U.S. Crude Oil inventories this morning
  • U.S. Building Permits and Housing Starts came in below expectations this morning, causing USD to fall sharply, though it has since recovered some of its losses
  • The Federal Reserve will release the minutes of its July policy meeting, which will be scrutinized for clues about future rate hikes in the U.S.