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Canadian Dollar Retrieves Bullish Path


The Canadian dollar advanced for the first time this week, on Tuesday, markets with strong correlation with the Canadian dollar provided support for the currency to gain especially against its U.S. counterpart, but, as well as major world currencies . After the Canadian dollar traded near parity with the dollar last week, the currency experienced a considerable drop in the rally as traders considered excessive, especially after the oil rally ended stronger in 2010 to the end of the session last week, affecting the performance of the Canadian dollar, as it represents a good percentage of the income of Canadian exports. The pessimism in Europe over a week of economic performance in Norway and Greece's budget deficit has also contributed to the advancement of the loonie hoy.El Canadian dollar seems to have found its way back towards parity, again, such commodities as stocks rebounded today. European markets are, so far, unattractive, and, as the Fed signaled that the increases would not go so soon, the Canadian dollar is one of the best bets for the moment the market divisas.USD / CAD was trading at 1, 0170 from 04:01 GMT from as high as 1.0225 during Tuesday's session.

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