USD/CAD flat-lines around 1.3700 mark, downside seems limited amid bearish Oil prices – by hareshmenghani USDCAD RiskAversion Fed Bonds Currencies
The ongoing slump in Oil prices undermines the Loonie and lends support to the major.The USD/CAD pair
Despite the recent emergency liquidity measures and multi-billion-dollar lifelines for troubled US and European banks, concerns about the contagion risk showed little signs of subsiding. This, along with worries about a deeper global economic downturn, tempers investors' appetite for riskier assets and benefits traditional safe-haven assets, including the Greenback.
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