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USD Declined Further In The New York Session

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Wall Street opened higher after Moderna Inc. announced its vaccine candidate against coronavirus showed 94.5% efficiency in the interim research.

On the economic front, the New York Empire State Manufacturing Index dropped for the second month to 6.3 in November of 2020.

In the FX markets, USD declined further as the risk remained improved in the New York session, boosted by fresh vaccine optimism by Moderna.

Meanwhile, the CAD traded higher, benefited from the rising in oil prices, and amid the risk-on tone.

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