USD/CAD - Canadian Dollar Near 3-Yr. Peaks
(MENAFN - Baystreet.ca) The Canadian dollar is trading near a three-year peak. USD/CAD closed on Friday at $1.2690 and touched $1.2611 today, with a spike in West Texas Intermediate (WTI) oil prices, contributing to the slide. The U.S. dollar is under pressure against the G-10 majors and opened in New York with losses across the board. WTI oil surged to $60.92/barrel yesterday as a massive, nasty winter storm roared through Texas, across most of the U.S. and a large part of Canada. Power outages across Texas also shut down oil refineries and drilling rigs, which led to the spike in crude ...
Source: menafn.com