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USD/CAD at parity as Iran talks weigh on oil

Adam Button
09/04/2012 | 13:32 GMT

WTI crude trading at $101.31 as Iran returns to the negotiating table and sends some positive, but mixed messages. The Canadian dollar rallied Thursday on very strong Canadian employment but gave it all back after non-farm payrolls.

Parity hasn’t been an important level for USD/CAD; some resistance lies at 1.0030/35 but 1.0050 is key. Look to sell closer to those levels.

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