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Forex

Canadian Dollar Softens Against USD Amid Weekend Positioning

Guavy AI Editorial Team
Instruments
USD CAD
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The Canadian dollar experienced a slight decline against its US counterpart on Friday morning as investors adjusted their positions ahead of the weekend.

This shift occurred despite ongoing expectations for increased interest rates from the US Federal Reserve, which has been a supportive factor for the US currency globally.

The uncertainty surrounding the conflict in the Middle East continues to influence crude oil prices, with West Texas Intermediate hovering below $100 per barrel at around $97.70 per barrel.

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