Trade n Trend

Home » Canadian Dollar » USD/CAD decline side extends

USD/CAD decline side extends


The USD/CAD pair drops -0.54% to fresh session lows of 1.3274, heading for a test of four-month lows reached near 1.3230 region. The CAD resumes its upward trajectory against the US currency, after a temporary reversal seen yesterday, as the oil prices regain lost footing and stage solid rebound this session on increased hopes for Chinese oil demand after yuan hit fresh yearly highs, making oil imports cheaper for China buyers. Meanwhile, the US oil jumps almost 2.5%, while the Brent oil rallies 2% in Asia.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: