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The correlation between commodities and CAD

Sebastien Galy, currency strategist at Deutsche Bank, analyzed the Canadian dollar and its relationship with the goods and the prospects for the economy.

According to the analysis CAD is the most amenable to the movements of crude oil as the gravity is 41% of the basket of tools followed by metals and minerals.

A deeper analysis shows that the cooper has a greater influence on movements in USD / CAD. On vtoro place rank WTI, Brent and Aluminium

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E.Dimitrov JrTrader


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