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[QUOTE="Andrea ForexMart, post: 106342, member: 36651"] [B][SIZE=5]Fundamental Analysis for USD/CAD: July 25, 2016[/SIZE][/B] The USD/CAD pair closed last week’s session with a gain of 1.21% at 1.3128 points as the commodity prices weighed in on the pair and the USD rallied on the commodity currency. After the Brexit vote, forecasts regarding the international economy has been dim, together with views that monetary policy is slowly fading away, with more and more institutions relying on borrowing policies to survive. With the November elections just a few months away, the United States is now facing a period of economic uncertainty. Political and economic risks are felt worldwide not just because of the Brexit, but also of numerous terrorist attacks, particularly in France and Turkey. A significant downgrade in Canada’s economic growth forecast from 1.6% to 1.4% signals a rapidly weakening global economy and business investments. The commodity-rich country experienced wildfires in Alberta, one of the country’s primary oil resources, which caused May’s energy-production shutdowns, according to the Conference Board of Canada last Thursday. The IMF later confirmed Canada’s economic downgrade, after their forecast for the Canadian economy showed a dip at 1.4% from 1.5%. [ATTACH=full]7838[/ATTACH] [/QUOTE]
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