A fresh and small wave of USD selling sends USD/CAD to a low of 1.2414. This comes on the background of sliding oil prices today, but they are still higher than beforehand after shooting up yesterday.

Later on today we will get the US Crude Oil Inventories, which are expected to show that storage is up by another 3.3 million barrels after a rise of 4.8 million last week. In addition, Saudi production is actually on the rise, so it hard to understand why oil is higher.

Read the rest of the article USD/CAD falls to lowest since February