OPEC + will increase oil production during May/Jun/July. The Canadian Dollar is commodity based currency and backed by oil price. I expect to see the USDCAD trading higher during Q2/2021.
Trade with care.
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Crude Oil WTI (NYM /bbl) 59.68 -1.77 -2.88%
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Crude Oil WTI (NYM /bbl) Front Month 59.09 -2.36 -3.84%