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Home » Online Forex Trading Blog » Canadian Dollar Takes a Beating From the US Dollar

Canadian Dollar Takes a Beating From the US Dollar

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The Canadian economy thrives on it’s exports and with the slowdown of US spending the Canadian dollar has taken quite a hit. In the last 2 days alone, the Canadian dollar has weakened by nearly 600 pips and with the Bank of Canada looking to cut interest rates by 100 basis points (1%), there is still a lot of room for the Canadian dollar to fall.

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