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11.10.2016 • 12:00 Msk
Opportunity in Reconvergence of USD/CAD and Oil Price Correlation?
John Kicklighter
• Oil prices have extended a two week surge that started with OPEC's vow to curb their collective output
• Russia's suggestion that it too would join the cap on supply pushed the commodity up to a 15-month high
• The correlation between crude and USD/CAD has inverted recently - irregular occasions that eventual reconverge
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