Forex news for January 12, 2015
Most of the eyes today were on the price of oil and stocks once again. The price of oil dipped below the $30 a barrel level for the WTI Crude oil contract. This was the first dip below that level since December 2003. The pair traded as low at $29.93. How did USDCAD trade? The pair did reach a new peak going back to April 2003 at 1.4314, but could not extend gains on the dip below the $30 level. It is ending the day at 1.4265.