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CAD holding despite oil wobble
Saw the WTI pullback slightly this morning, yet $CAD is holding relatively firm at 95.879. It's an interesting disconnect. Usually, you'd expect a bit more sensitivity there, but perhaps the broader risk-on sentiment or some domestic data is providing a floor. Makes me wonder if the market is just shrugging off the oil move as temporary noise, or if there are other fundamental drivers for CAD becoming more dominant. Keeping an eye on Canadian manufacturing data later this week to see if that provides any further conviction for either side.
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