USD/CAD Slides to 1.4400 as Stronger Oil Prices Boost Canadian Dollar
The USD/CAD pair remains relatively stable after two consecutive days of gains, trading around 1.4410 during the Asian session on Friday. The Canadian Dollar gains traction, thanks in part to improved crude oil prices, as Canada continues to be the largest oil exporter to the United States. Traders should assess how oil price movements impact this currency pair.
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