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Oct 21, 2026
Canadian Dollar gains momentum on rising oil prices, hawkish BoC rate hike bets
USD/CAD continues its losing streak for the fifth successive day, trading around 1.4050 during European hours on Wednesday. The commodity-linked Canadian Dollar (CAD) is gaining strength, supported by rising crude oil prices.
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Oct 21, 2026
Australian Dollar: Uptrend building toward 0.7035 against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD benefited from the weaker US Dollar and reclaimed the 0.70 handle, with momentum strengthening faster than expected. Intraday gains may be capped within a tight range, but the 1–3 week outlook now points to further upside toward 0.7035, provided the pair holds above a nearby strong support zone.
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