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Canadian currency snaps dour days of losses on commodities bid

Posted on 04 September 2013

Canada’s dollar snapped four days of losses on speculation tensions in Syria will drag on, creating demand for the currencies of commodities-exporting nations.
The Canadian currency rose against 14 of its 16 most-traded peers after U.S. President Barack Obama decided to seek authorization from Congress before ordering a strike against Syria for the alleged use of chemical weapons. Futures on crude oil, Canada’s largest export, gained as much as 1.2 percent………………………………………..Full Article: Source


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