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Canadian Dollar Strength Continues | Oil Increases on New OPEC Commitments

Published July 25, 2017
  • The U.S. Dollar slid to fresh lows ahead of the 2-day Federal Reserve policy meeting which starts today. Political uncertainty in Washington is also weighing on USD
  • Though market expectations for another Fed rate hike this year have faded, tomorrow’s FOMC statement will be inspected closely for hints regarding tapering, interest rate trajectory, and overall tone
  • Oil prices moved higher for the second day this morning, with Saudi Arabia committing to cut oil exports by an additional 1 million barrels per day