EUR faces further consolidation – Westpac

In the opinion of strategists at Westpac, the outlook for the single currency remains tilted to the downside...
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Recovering oil to lead USD/CAD to retrace lower – Scotiabank

Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that as long as WTI remains above $50 USD/CAD is set to retrace lower, expecting a close below 1.2537 to lead way for 1.2390 levels.
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