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Oil’s surprise move supported loonie yesterday following Trump’s twit on SA and RU cutting production, however, will it really last given no official announcement was made by OPEC+? Meanwhile, the US and the UK are the only countries that haven’t yet imposed domestic containment measures, and this could delay their recovery compared to Europe since it’s a bigger trading partner with Japan and the cases there show a decline. Are we going to see respective currencies trading alike?
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