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2 Jan 2015
USD/CAD hits fresh 5-year high
FXStreet (Córdoba) - USD/CAD rose to 1.1680 reaching the strongest level since July 2009 as the US dollar climbs across the board and amid a decline in crude oil prices.
The WTI barrel hit a fresh multi-year low at $52.05, after reversing sharply from $55.00 (daily high). Stocks in Europe are mixed while Wall Street futures point to a positive opening.
The USD/CAD pair started 2015 with bullish momentum, extending the rally that started back in July 2014. It posted in December the fourth monthly gain in a row and is now headed toward 1.1700.
The WTI barrel hit a fresh multi-year low at $52.05, after reversing sharply from $55.00 (daily high). Stocks in Europe are mixed while Wall Street futures point to a positive opening.
The USD/CAD pair started 2015 with bullish momentum, extending the rally that started back in July 2014. It posted in December the fourth monthly gain in a row and is now headed toward 1.1700.