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USD/CAD overstated by lower oil

CAD pressured by lower oil prices, WTI just under USD 49/barrel WTI temporarily rose to USD 50.50 Monday on Nigeria/OPEC tip The lower the oil price, the greater the risk of another BoC rate cut Mar 4 USD/CAD offers at 1…

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  • CAD pressured by lower oil prices, WTI just under USD 49/barrel

  • WTI temporarily rose to USD 50.50 Monday on Nigeria/OPEC tip

  • The lower the oil price, the greater the risk of another BoC rate cut Mar 4

  • USD/CAD offers at 1.2650 & 1.27 (1.2697 = Feb 11 high) 

 

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