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Home » Canadian Dollar » USD/CAD bounces off 1.2900

USD/CAD bounces off 1.2900

after bottoming out in fresh multi-month lows near 1.2900 the figure last week, the US dollar has shown some signs of life, allowing spot to regain the psychological handle at 1.3000 and beyond.

The offered tone around CAD is being supported by some softness in crude oil prices, with the barrel of West Texas Intermediate easing from recent YTD peaks above the $41.00 mark.
US Existing Home Sales are only due today followed by the speech by Fed’s Lockhart.

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