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CURRENCIES

Oil bounce drives up Canadian, Aussie dollars

Tuesday, May 16, 2017 - 05:50

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The Canadian dollar hit its highest level in over two weeks and the Australian dollar hit a 12-day high on Monday as a bounce in oil prices drove a recovery in major commodity-linked currencies.

London

THE Canadian dollar hit its highest level in over two weeks and the Australian dollar hit a 12-day high on Monday as a bounce in oil prices drove a recovery in major commodity-linked currencies.

Saudi Arabia and Russia agreed on Monday to extend oil output cuts until March

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