TODAY'S MARKET INTELLIGENCE
USD/CAD Falls to Near 3-Month Low, Can Oil Surge and Trade Optimism Continue to Support CAD?
English summary
USD/CAD fell for a third straight day to near 1.3760, approaching a three-month low, as escalating US-Iran tensions boosted oil prices and US-Canada trade progress supported the CAD. The Trump administration is set to unveil an economic plan against Iran, with the Treasury Secretary saying economic pressure reduces military escalation risk. The dollar is broadly weaker but supported by Treasury yields.
The English text is machine translated and may require verification against the Chinese version.
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