Forex:USD/CAD correcting from 2-month low as crude nears 2009-high

By IBTimes Staff Reporter | January 04 2010 2:12 PM

FXstreet.com (Barcelona) - The USD/CAD is currently correcting slightly to the upside near the 1.0414 level after the pair hit a low not seen since Oct. 20 of 1.0351 earlier in today's European session.

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The CAD has gained almost 400 pips on the USD over the past two weeks driven by increasing oil prices which are peeking over the $81.00/barrel and flirting with last year's high.

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