LiteForex - Analytics


    827.00 7.50/10
    80% of positive reviews

    USD/CAD: oil quotes and Canadian dollar under pressure on 03.07.2015

    On Friday, during the Asian session, August WTI crude oil futures were trading down by $ 0.27, August Brent crude oil futures on ICE lost $ 0.18.

    Growing oil supply causes oil prices to start dropping, which strongly correlates with price of the Canadian dollar. Thus, the Canadian dollar comes under downward pressure. The pair USD/CAD is also supported by the strengthening US dollar.


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree