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forex currency pairsForex Analysis: USD vs. CAD

Continuing high unemployment rates suffered by the Canadian economy results in the Canadian dollar depreciating against the US dollar.In order to take advantage of this scenario, traders should buy (Ask) the USD/CAD currency pair.

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On the contrary, if the Canadian economy is going to rebound due to lower unemployment rates, this will result in the Canadian dollar appreciating against the US dollar. For traders to profit for this, they should sell (Buy) the USD/CAD currency pair

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