The Canadian dollar is on the back foot once again. After USD/CAD nearly reached 1.30, the pair is moving higher, above 1.31.
Crude oil inventories rose by 2.6 million, defying the numbers reported by API and weighing on the price of the black gold, Canada’s all-important export. Prices have been hanging around the bottom.
Read the rest of the article USD/CAD on the rise on rising oil inventories, US inflation numbers