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Posted by
Two Blokes Jun 13 -
Filed in
Forex
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The US Dollar rallied on early trade on Friday, boosted by the risk-averse reaction to Israel's attack on Iran, but was capped at 1.3660 before returning to levels close to 1.3600 as the escalating Oil prices have pushed the Canadian Dollar higher. Crude prices have surged on concerns that escalating tensions between Iran and Israel might disrupt Oil traffic through the strategic Strait of Hormuz, leading to significant restrictions in global supply.
