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Canadian dollar slides alongside oil

Oil started the week higher on the debt ceiling deal and signs of strong Asia imports but it's since turned negative. The slide in oil has spilled into Canadian dollar trading, despite thin market conditions due to the US holiday. That's led to a rise in USD/CAD to 1.3610 from 1.3590 on the day; the pair is still fractionally lower from Friday's close.I would be careful to read too much into the oil or CAD moves given the US and UK holiday.In terms of the Canadian economic calendar, On Tuesday,... Read More

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Posted: May 29 2023, 13:47

Author Name: forexlive

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