USD/CAD

Canadian Dollar Gains Amid Rising Oil Prices and Strong Employment Data Despite Limited US Dollar Movements

The Canadian dollar steadied against major currencies amid a rebound in oil prices driven by OPEC+ supply cuts and geopolitical tensions. Strong September jobs data further supported the loonie, while the US dollar showed limited momentum despite upbeat labor market reports. Market focus remains on how oil trends and central bank policies will influence CAD and USD/CAD dynamics moving forward.

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