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Saudi Arabia to respond cautiously to US action on Iran oil exports

According to Reuters, Saudi Arabia is planning to set its crude oil output just above 10 million barrels per day for the next two months in a cautious response to the U.S. action on Iran crude oil exports. 

Meanwhile, Iranian oil minister recently crossed the wires saying that the U.S. will not achieve "its dream of bringing Iran oil exports to zero."

USD/CAD Technical Analysis: Remains well within three-week old broader trading range

• The pair's good two-way price action, well within a broader trading range over the past three weeks or so, constituted towards the formation of a r
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NZD/USD falls to 3-1/2 month lows, around mid-0.6600s

• A modest pickup in the USD demand prompts some fresh selling on Tuesday. • A slight deterioration in risk sentiment further drives flow away from t
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