The USD/CAD made more than a 250 pip moving during yesterday's session to go from 0.9452 to 0.9704. During this same session we must note that the crude oil prices also saw a significant drop. This serves as a good reminder of the high Canadian Dollar correlation with crude oil as Canada is a big crude oil exporter and actually the number one exporter to the US!
Note, you want to trade crude in the currency market?, try the USD/CAD!
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