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O'Neil: USDCAD is heading to 1.45 amid 'this perfect storm'
There's a perfect storm for the Canadian dollar, according to trader Michael O'Neill, and that's why he's predicting USDCAD could rise to 1.4500 within weeks. Falling oil prices, upcoming elections and a possible US rate rise mean there's little to stop the loonie depreciating still more.
02:02 minutes
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