USD/CAD stifled by holidays but grinds lower as oil rebounds
Canadian and US markets closed today
It’s a quiet one today in New York and Toronto but USD/CAD has had some life as it tracks a thinned oil market.
WTI fell as low as $68.25 but it’s grinded back to $69.41 and unchanged on the session. With that, USD/CAD rose up to 1.2559 but has slipped back to 1.2528.
In broader terms, the earlier US dollar strength is also fading aside from cable, which remains at session lows.
