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USD/CAD: Loonie weakness extends as oil prices drop

USD/CAD has been hit with heightened volatility given bond market chaos and the big moves in the oil market.  The dollar rally has paused against euro and yen, ....

Saudi Arabia , Ministerial Panel , Canadian Dollar , Sd Cad , Ti Crude ,

cad: Surging crude may take CAD past 2% of GDP, say economists

Economists predict that India s Current Account Deficit (CAD) will increase in the second half of the fiscal year, surpassing 2% of GDP. The CAD for the June quarter was 1.1% of GDP, lower than expected, but the gap widened due to a contraction in the trade deficit. Rising crude oil prices, particularly for Russian crude, which accounts for a third of India s fuel imports, are a major factor contributing to the widening CAD. If oil prices average $100 per barrel in the second half of the fiscal year, the CAD could reach 2.1% of GDP. ....

Gaura Sengupta , Barclays Research , First Bank , Current Account Deficit , Crude Oil Prices , Domestic Demand , Crude Prices , Trade Deficit , Idfc Bank , Hdfc Bank ,