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USD/CAD focus oil and US data

After climbing above the 1.3100 handle during the NA session on Monday, the pair sparked a leg lower as a recovery in the barrel of West Texas Intermediate lent further support to CAD.
Crude oil dynamics will remain the exclusive factor behind the pair’s price action, amidst a light docket in the US economy today, with only the flash manufacturing PMI due ahead of the weekly report on stockpiles by the API.

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