USD/CAD pares the biggest daily jump in two weeks near 1.3600 despite sluggish Oil price – by anilpanchal7 USDCAD RiskAppetite Oil China RussianFederation
WTI crude oil bears struggle for clear directions amid holiday mood, mixed sentiment.USD/CAD remains depressed around the intraday low of 1.3588 amid the quiet markets during early Thursday.
USD/CAD jumped the most in two weeks the previous day as doubts over China’s Covid statistics and methods of unlock seem to have challenged the previous optimism. Recently the UK joined the line of the US South Korea, Japan, Taiwan, Italy and India to unveil fresh Covid test requirements for visitors from China.
Elsewhere, WTI crude oil prints 0.30% intraday losses around $78.50, falling for the third consecutive day, as demand fears due to China-linked headlines join Russia’s inability to highlight the supply crunch woes.
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