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Loonie strengthened in tandem with the dollar after a report on retail sales came out of Canada more than expected, and the U.S. GDP in Q3. has been revised to increase to 3.1%.
USD/CAD retreated from a 2-week high of 0.9895 reached before the release of the report, and re-tested the day low 0.9874 before meeting support. Currently the pair is trading at 0.9894 on intraday highs.
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