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Original source title
Canadian Dollar: Consolidation with stretched USD positioning – Scotiabank
Source-provided summary
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is effectively flat versus the US Dollar (USD) and trading close to their fair value estimate around 1.4158. They expect the recent deterioration in spreads to stabilize, easing downside pressure on the CAD.
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FXStreet News original article
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