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November 18, 2024

USD/CAD holds position near 1.4100, four-year highs, Oil prices eyed

USD/CAD trades around 1.4090 during the Asian hours on Monday, holding its ground near theย four-year high of 1.4105, which was reached on Friday. The upside of the loonie pair is attributed to a stronger US Dollar (USD), driven by recent hawkish remarks from Federal Reserve (Fed) officials.

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