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The USD/CAD is recovering from Friday’s losses, and is trading at the 1.3810 level during Monday’s Asian session. The Canadian Dollar (CAD) gained in the previous session on the back of improved crude oil prices.
However, the price of West Texas Intermediate (WTI) crude oil is pulling back and is trading below 76.50 at the time of writing. Oil prices are retreating as renewed worries about slowing demand in both the United States (US) and China cast a shadow over market sentiment. Concerns about the economic giants are putting a dent in the oil market’s momentum.
