USD/CAD eases towards 1.3600 amid steady oil, pullback in US Dollar ahead of PMIs – by anilpanchal7 USDCAD Oil RiskAppetite CentralBanks PMI
Global markets stabilize after a volatile day, allowing traders to pare recent moves.
The Loonie pair rallied the most in three weeks on Thursday amid the broad US Dollar run-up and softer prices of Canada’s key export item, WTI crude oil. However, the absence of major data/events during the early day and the cautious mood ahead of the US activity numbers for December seemed to have triggered the quote’s latest pullback. rallied the most in 10 weeks as global central banks propelled benchmark rates in the latest monetary policy announcements.
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