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A wave from Iran

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Miguel A. Rodriguez
Miguel A. Rodriguez
26 May 2021
Canadian dollar holds near 6-year high as greenback slides.
  • Crude #oil prices edged lower, consolidating after recent sharp gains as traders digested the possibility of additional supply from Iran hitting the global market.
  • The Canadian dollar edged lower against its broadly weaker U.S. counterpart as domestic data showed a drop for manufacturing sales in April, but the currency stayed near its 6-year high.
  • #Bitcoin held gains after Elon Musk’s effort to bolster the token’s green credentials stoked a rally, extending a bout of marked volatility in the wake of last week’s #crypto rout.

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.