What is driving this USDCAD forex pair up?

Is oil moving up again? I don’t see that with this USDCAD forex pair.

Apr 25, 2023

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Is oil moving up again? I don’t see that with this USDCAD forex pair. Remember this Canadian dollor is supposed to be a commodity currency pushed by the price of oil. I checked the USD’s DXY, which shows a little strength in the US dollar over the last few days. There seems to be no solid drive here for this incline, but I am unsure if it is sustainable…

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