USD/CAD nears the January low
USD/CAD is flirting with 1.2600 and the January low of 1.2589.
Oil is down $1.02 to $59.49 today and that’s why the loonie is trailing its cousins in Australia and New Zealand.
Looking at the USD/CAD chart, there isn’t much separating it from 1.20-1.22.
The bigger question to ponder right now is what happens to commodities if the dollar continues to slide and demand continues to grow?
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