USD/CAD ADVANCES SHARPLY ON A BUOYANT US DOLLAR ON RISK-AVERSION LINKED TO CREDIT SUISSE
USD/CAD rallies on safe-haven flows towards the greenback sponsored by the US financial banking crisis woes threatening to spread around the globe. The failure of two banks in the United States (US) spurred a sell-off in Credit Suisse’s (CS) stock, amongst increasing fears of a financial crisis. Therefore, the USD/CAD is trading at 1.3774 after hitting a low of 1.3659
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